APR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.136%higher than 65% of spread values(window 1D)
long $0.03665 · short $0.03670(long 3m / short 1m old)
Entry Spread (order book)-0.297%on $10,000
long $0.03676 · short $0.03666(average execution prices, not mark)
market median $0.03666· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.22% 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 0.14% 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 | +$13.64 | -$36.36 | -$86.36 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$8.36 | -$58.36 | -$108.36 |
Breakeven move 0.2200%·Tradeability: 0.6× 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 · 277 samples
Current
+0.136%
65 pct
Median
+0.080%
Average
+0.077%
P25 → P75
-0.054% … +0.212%
Range
-0.837% … +1.298%
Std dev
±0.281%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.03665
- Exchange Ticker
- APRUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $2.47M
- 24h Vol
- $1.32M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.03670
- Exchange Ticker
- APR-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $623.32K
- 24h Vol
- $1.53M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short254 long / 250 short samples · 2 days · auto-refresh every 30s