XLE · Convergence Trade
Sparse data (31% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
Three scenarios: the current spread 0.05% 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 | +$4.94 | -$45.06 | -$95.06 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.59 | −$0.59 | −$0.59 |
| Net potential | -$25.65 | -$75.65 | -$125.65 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,686 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
- $62.7190
- Exchange Ticker
- xyz:XLE
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +47.51%
- OI
- $2.15M
- 24h Vol
- $476.81K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bitunix(cex)- Mark Price
- $62.7500
- Exchange Ticker
- XLEUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -4.01%
- 24h Vol
- $81.06K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short623 long / 1587 short samples · 8 days · auto-refresh every 30s