ADA · Convergence Trade
Current Spread (mark)
updated 0s ago+0.094%higher than 13% of spread values(window 1D)
long $0.1767 · short $0.1768(long 3m / short 3m old)
Entry Spread (order book)+0.042%on $10,000
long $0.1768 · short $0.1769(average execution prices, not mark)
market median $0.1768· long -0.1%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.09% 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 | +$9.37 | -$40.63 | -$90.63 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$17.18 | −$17.18 | −$17.18 |
| Funding drag(est. 1h hold) | +$0.58 | +$0.58 | +$0.58 |
| Net potential | -$27.23 | -$77.23 | -$127.23 |
Breakeven move 0.3660%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.15%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 275 samples
Current
+0.094%
13 pct
Median
+0.151%
Average
+0.143%
P25 → P75
+0.115% … +0.173%
Range
+0.055% … +0.220%
Std dev
±0.037%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.1767
- Exchange Ticker
- ADA_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -39.45%
- OI
- $782.11K
- 24h Vol
- $264.92K
SHORT
HTX(cex)
HTX(cex)- Mark Price
- $0.1768
- Exchange Ticker
- ADA-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +10.95%
- OI
- $1.02M
- 24h Vol
- $1.87M
275 long / 273 short samples · 2 days · auto-refresh every 30s