TRUMP · Convergence Trade
Current Spread (mark)
updated 54s ago+0.131%higher than 61% of spread values(window 1D)
long $1.0530 · short $1.0544
Entry Spread (order book)-0.065%on $10,000
long $1.0538 · short $1.0531(average execution prices, not mark)
market median $1.0542· long -0.1%· short +0.0%
Size per leg$= $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 0.13% 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 | +$13.11 | -$36.89 | -$86.89 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.50 | −$0.50 | −$0.50 |
| Net potential | +$3.61 | -$46.39 | -$96.39 |
Breakeven move 0.0950%·Tradeability: 1.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.131%
61 pct
Median
+0.091%
Average
+0.085%
P25 → P75
-0.005% … +0.175%
Range
-0.939% … +1.618%
Std dev
±0.222%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $1.0530
- Exchange Ticker
- TRUMP
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- -27.67%
- OI
- $515.17K
- 24h Vol
- $956.40K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1.0544
- Exchange Ticker
- TRUMP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -71.75%
- OI
- $7.34M
- 24h Vol
- $3.65M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short251 long / 283 short samples · 2 days · auto-refresh every 30s