VIRTUAL · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.04% 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 | +$4.49 | -$45.51 | -$95.51 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$20.42 | −$20.42 | −$20.42 |
| Funding drag(est. 1h hold) | +$0.16 | +$0.16 | +$0.16 |
| Net potential | -$35.77 | -$85.77 | -$135.77 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 45 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 · 241 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.
grvt(dex)- Mark Price
- $0.5563
- Exchange Ticker
- VIRTUAL_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(4h)
- -3.07%
- OI
- $505.26K
- 24h Vol
- $438.82K
Backpack(cex)- Mark Price
- $0.5565
- Exchange Ticker
- VIRTUAL_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.95%
- OI
- $251.02K
- 24h Vol
- $118.28K
225 long / 222 short samples · 2 days · auto-refresh every 30s