ZM · Convergence Trade
Sparse data (30% 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 0.04% 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 | +$3.77 | -$46.23 | -$96.23 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$2.87 | +$2.87 | +$2.87 |
| Net potential | -$23.36 | -$73.36 | -$123.36 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.07%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 143 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
- $105.9800
- Exchange Ticker
- xyz:ZM
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -209.28%
- OI
- $456.87K
- 24h Vol
- $34.56K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
KuCoin(cex)- Mark Price
- $106.0200
- Exchange Ticker
- ZMUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +41.94%
- OI
- $121.65K
- 24h Vol
- $690.99K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short87 long / 87 short samples · 2 days · auto-refresh every 30s