SKHY · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 7m old+0.958%higher than 98% of spread values(window 1D)
long $127.3500 · short $128.5700(long 9s / short 7m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $127.3200· long +0.0%· short +1.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.96% 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 | +$95.80 | +$45.80 | -$4.20 |
| Round-trip fees | −$13.40 | −$13.40 | −$13.40 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$2.82 | +$2.82 | +$2.82 |
| Net potential | +$72.19 | +$22.19 | -$27.81 |
Breakeven move 0.2361%·Tradeability: 4.1× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
~1.1htypical time to exit(usually ~48min–~1.4h)
Exit target: spread compresses to the median 0.15% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 9 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 · 284 samples
Current
+0.958%
98 pct
Median
+0.008%
Average
+0.057%
P25 → P75
-0.108% … +0.212%
Range
-0.938% … +1.176%
Std dev
±0.371%
tf
LONG
PopDEX(dex)
PopDEX(dex)- Mark Price
- $127.3500
- Exchange Ticker
- SKHYUSDT
- Taker / Maker
- 0.032% / 0.01%
- Funding APR(1h)
- -212.93%
- OI
- $102.44K
- 24h Vol
- $292.37K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phoenix(dex)
Phoenix(dex)- Mark Price
- $128.5700
- Exchange Ticker
- SKHY
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +34.09%
- OI
- $87.50K
284 long / 146 short samples · 2 days · auto-refresh every 30s