TSM · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.10% 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 | +$9.74 | -$40.26 | -$90.26 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.06 | +$0.06 | +$0.06 |
| Net potential | -$20.20 | -$70.20 | -$120.20 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 196 comparable episodes over 7D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,629 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.
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ](dex)- Mark Price
- $431.2700
- Exchange Ticker
- xyz:TSM
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +5.47%
- OI
- $9.64M
- 24h Vol
- $3.66M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
KuCoin(cex)- Mark Price
- $431.6900
- Exchange Ticker
- TSMUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +10.95%
- OI
- $734.56K
- 24h Vol
- $494.47K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1359 long / 1327 short samples · 8 days · auto-refresh every 30s