PYTH · Convergence Trade
Current Spread
updated 0s ago+0.290%higher than 92% of spread values(window 1D)
long $0.04834 · short $0.04848(long 11m / short 10m old)
market median $0.04862· long -0.6%· short -0.3%
Profit Calculator
Three scenarios: the current spread 0.29% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$28.96 | -$21.04 | -$71.04 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.18 | −$0.18 | −$0.18 |
| Net potential | +$4.78 | -$45.22 | -$95.22 |
Breakeven move 0.2418%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 30 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 251 samples
Current
+0.290%
92 pct
Median
+0.059%
Average
+0.050%
P25 → P75
-0.041% … +0.140%
Range
-0.817% … +1.254%
Std dev
±0.195%
Size$
chart range
Loading Mark Prices…
Loading Price Spread…
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.04834
- Exchange Ticker
- PYTHUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- -14.89%
- OI
- $1.46M
- 24h Vol
- $1.37M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.04848
- Exchange Ticker
- PYTHUSDTM
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- -30.88%
- OI
- $2.17M
- 24h Vol
- $1.01M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short213 long / 177 short samples · 1 day · auto-refresh every 30s