SAPIEN · Convergence Trade
Sparse data (28% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
Three scenarios: the current spread 0.23% 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 | +$23.19 | -$26.81 | -$76.81 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | +$7.18 | -$42.82 | -$92.82 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.22%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 97 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.
Extended(dex)- Mark Price
- $0.07639
- Exchange Ticker
- SAPIEN-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +11.39%
- OI
- $4.73K
- 24h Vol
- $133.45K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $0.07657
- Exchange Ticker
- SAPIENUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $491.68K
- 24h Vol
- $167.13K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short80 long / 86 short samples · 2 days · auto-refresh every 30s