ALGO · Convergence Trade
Current Spread
updated 0s ago+0.060%higher than 42% of spread values(window 1D)
long $0.08320 · short $0.08325(long 19m / short 20m old)
market median $0.08315· long +0.1%· short +0.1%
Profit Calculator
Three scenarios: the current spread 0.06% 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 | +$6.01 | -$43.99 | -$93.99 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.08 | −$0.08 | −$0.08 |
| Net potential | -$8.07 | -$58.07 | -$108.07 |
Breakeven move 0.1408%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 258 samples
Current
+0.060%
42 pct
Median
+0.061%
Average
+0.068%
P25 → P75
+0.012% … +0.121%
Range
-0.328% … +0.568%
Std dev
±0.119%
Size$
chart range
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LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $0.08320
- Exchange Ticker
- ALGO_USDT
- Taker / Maker
- 1 / 0 bps
- Funding APR(8h)
- -27.38%
- OI
- $300.04
- 24h Vol
- $700.83K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.08325
- Exchange Ticker
- ALGOUSDTM
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- -34.27%
- OI
- $7.74M
- 24h Vol
- $1.13M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short209 long / 216 short samples · 2 days · auto-refresh every 30s