SIREN · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.23% 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 0.15% 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 | +$15.09 | -$34.91 | -$84.91 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.87 | +$0.87 | +$0.87 |
| Net potential | -$8.04 | -$58.04 | -$108.04 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 57 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 · 279 samples
Hotcoin(cex)- Mark Price
- $0.02651
- Exchange Ticker
- SIRENUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $786.23K
- 24h Vol
- $379.83K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
KuCoin(cex)- Mark Price
- $0.02655
- Exchange Ticker
- SIRENUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +87.22%
- OI
- $600.35K
- 24h Vol
- $271.14K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short250 long / 259 short samples · 2 days · auto-refresh every 30s