RAY · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.17%, but entry and exit cost 0.39% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.17% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$16.62 | -$33.38 | -$83.38 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$25.02 | −$25.02 | −$25.02 |
| Funding drag(est. 1h hold) | +$0.23 | +$0.23 | +$0.23 |
| Net potential | -$22.17 | -$72.17 | -$122.17 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.14% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 56 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 · 248 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.
Bullet(dex)- Mark Price
- $1.9256
- Exchange Ticker
- RAY-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- -9.03%
- OI
- $32.71K
- 24h Vol
- $22.75K
WOOFi Pro(dex)- Mark Price
- $1.9288
- Exchange Ticker
- PERP_RAY_USDC
- Taker / Maker
- 0.03% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $445.89K
- 24h Vol
- $79.75K
207 long / 202 short samples · 2 days · auto-refresh every 30s