ARIA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.287%higher than 87% of spread values(window 1D)
long $0.2157 · short $0.2163(long 4m / short 4s old)
Entry Spread (order book)-1.108%on $10,000thin book — size does not fully fill
long $0.2169 · short $0.2145(average execution prices, not mark)
market median $0.2148· long +0.4%· short +0.7%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.29%, but entry and exit cost 0.57% 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 0.29% 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 | +$28.74 | -$21.26 | -$71.26 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$28.05 | -$78.05 | -$128.05 |
Breakeven move 0.5679%·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 0.32%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.287%
87 pct
Median
-0.232%
Average
-0.222%
P25 → P75
-0.490% … +0.025%
Range
-8.139% … +5.931%
Std dev
±1.063%
tf
LONG
BingX(cex)
BingX(cex)- Mark Price
- $0.2157
- Exchange Ticker
- ARIA-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +7.67%
- OI
- $1.79M
- 24h Vol
- $2.10M
SHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.2163
- Exchange Ticker
- ARIA_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.50M
- 24h Vol
- $6.36M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short251 long / 256 short samples · 2 days · auto-refresh every 30s