ALT · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 9m old+0.101%higher than 65% of spread values(window 1D)
long $0.004977 · short $0.004982(long 41s / short 9m old)
Entry Spread (order book)-0.555%on $10,000
long $0.004988 · short $0.004961(average execution prices, not mark)
market median $0.004981· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.20% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.10% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$10.05 | -$39.95 | -$89.95 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.26 | −$0.26 | −$0.26 |
| Net potential | -$10.21 | -$60.21 | -$110.21 |
Breakeven move 0.2026%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.16%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.101%
65 pct
Median
+0.020%
Average
+0.043%
P25 → P75
-0.135% … +0.214%
Range
-0.963% … +0.955%
Std dev
±0.321%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.004977
- Exchange Ticker
- ALT
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $692.22K
- 24h Vol
- $127.98K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.004982
- Exchange Ticker
- ALTUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -11.92%
- OI
- $1.73M
- 24h Vol
- $1.23M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 92 short samples · 2 days · auto-refresh every 30s