PYTH · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.03% 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 | +$2.80 | -$47.20 | -$97.20 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.20 | +$0.20 | +$0.20 |
| Net potential | -$211.22 | -$261.22 | -$311.22 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 260 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
dYdX(dex)- Mark Price
- $0.03913
- Exchange Ticker
- PYTH-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- -0.84%
- OI
- $116.12K
- 24h Vol
- $547.46
Backpack(cex)- Mark Price
- $0.03914
- Exchange Ticker
- PYTH_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +16.66%
- OI
- $31.51K
- 24h Vol
- $50.55K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short222 long / 218 short samples · 2 days · auto-refresh every 30s