TIA · Convergence Trade
Profit 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 0.20% 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 | +$19.97 | -$30.03 | -$80.03 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.17 | +$0.17 | +$0.17 |
| Net potential | +$0.14 | -$49.86 | -$99.86 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 34 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 · 246 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.
Backpack(cex)- Mark Price
- $0.4600
- Exchange Ticker
- TIA_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -14.50%
- OI
- $101.86K
- 24h Vol
- $279.67K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
dYdX(dex)- Mark Price
- $0.4610
- Exchange Ticker
- TIA-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $54.78K
- 24h Vol
- $35.62K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short234 long / 235 short samples · 2 days · auto-refresh every 30s