AXS · Convergence Trade
Current Spread
updated 0s ago+0.037%higher than 15% of spread values(window 1D)
long $0.9383 · short $0.9387(long 1m / short 11m old)
market median $0.9387· long -0.0%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.04% 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 | +$3.75 | -$46.25 | -$96.25 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.87 | −$0.87 | −$0.87 |
| Net potential | -$9.12 | -$59.12 | -$109.12 |
Breakeven move 0.1287%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.037%
15 pct
Median
+0.135%
Average
+0.138%
P25 → P75
+0.080% … +0.199%
Range
-0.247% … +1.500%
Std dev
±0.134%
Size$
chart range
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LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $0.9383
- Exchange Ticker
- AXS-USDC
- Taker / Maker
- 0 / 0 bps
- Funding APR(1h)
- +10.51%
- OI
- $8.64K
- 24h Vol
- $3.68K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BitMart(cex)
BitMart(cex)- Mark Price
- $0.9387
- Exchange Ticker
- AXSUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- -65.70%
- OI
- $27.50M
- 24h Vol
- $8.03M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short271 long / 233 short samples · 1 day · auto-refresh every 30s