SAGA · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 2.02%, but entry and exit cost -0.07% 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 2.02% 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 | +$201.72 | +$151.72 | +$101.72 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$31.24 | +$31.24 | +$31.24 |
| Net potential | +$208.96 | +$158.96 | +$108.96 |
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.44% (55% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 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.
Hyperliquid(dex)- Mark Price
- $0.04313
- Exchange Ticker
- SAGA
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -306.82%
- OI
- $778.78K
- 24h Vol
- $1.21M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Gate.io(cex)- Mark Price
- $0.04400
- Exchange Ticker
- SAGA_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +2429.72%
- OI
- $9.86M
- 24h Vol
- $33.72M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short276 long / 222 short samples · 2 days · auto-refresh every 30s