THETA · Convergence Trade
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$14.71 | -$35.29 | -$85.29 |
| Round-trip fees | −$11.00 | −$11.00 | −$11.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.59 | +$0.59 | +$0.59 |
| Net potential | +$4.30 | -$45.70 | -$95.70 |
⏱ 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 31 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 · 228 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.
Variational(dex)- Mark Price
- $0.1360
- Exchange Ticker
- THETA
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- -40.79%
- OI
- $20.05K
- 24h Vol
- $5.11K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bybit(cex)- Mark Price
- $0.1362
- Exchange Ticker
- THETAUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +10.95%
- OI
- $1.21M
- 24h Vol
- $363.51K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short227 long / 228 short samples · 2 days · auto-refresh every 30s