USELESS · 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 0.41% 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 | +$41.11 | -$8.89 | -$58.89 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.41 | +$1.41 | +$1.41 |
| Net potential | +$25.52 | -$24.48 | -$74.48 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.23% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 42 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 · 277 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.
Extended(dex)- Mark Price
- $0.2294
- Exchange Ticker
- USELESS-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +31.56%
- OI
- $133.07K
- 24h Vol
- $3.74M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Phemex(cex)- Mark Price
- $0.2304
- Exchange Ticker
- USELESSUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +154.67%
- OI
- $360.96K
- 24h Vol
- $1.07M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short253 long / 255 short samples · 2 days · auto-refresh every 30s