TRX · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.18%, but entry and exit cost 0.24% 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 0.18% 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 | +$17.51 | -$32.49 | -$82.49 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.25 | +$0.25 | +$0.25 |
| Net potential | -$6.64 | -$56.64 | -$106.64 |
⏱ 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 23 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 · 281 samples
Backpack(cex)- Mark Price
- $0.3198
- Exchange Ticker
- TRX_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -10.69%
- OI
- $242.82K
- 24h Vol
- $32.92K
Phoenix(dex)- Mark Price
- $0.3204
- Exchange Ticker
- TRX
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +10.94%
- OI
- $32.19K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short281 long / 146 short samples · 2 days · auto-refresh every 30s