BABA · Convergence Trade
Current Spread
updated 0s ago+0.127%higher than 76% of spread values(window 1D)
long $118.5900 · short $118.7400(long 1m / short 10m old)
market median $118.7000· long -0.1%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.13% 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 | +$12.65 | -$37.35 | -$87.35 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.21 | −$0.21 | −$0.21 |
| Net potential | -$10.56 | -$60.56 | -$110.56 |
Breakeven move 0.2321%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~42min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 23 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 220 samples
Current
+0.127%
76 pct
Median
-0.025%
Average
+0.010%
P25 → P75
-0.093% … +0.103%
Range
-0.638% … +1.370%
Std dev
±0.223%
Size$
chart range
Loading Mark Prices…
Loading Price Spread…
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $118.5900
- Exchange Ticker
- BABAUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(8h)
- +0.00%
- OI
- $1.29M
- 24h Vol
- $181.20K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $118.7400
- Exchange Ticker
- BABA-SWAP-USDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- -18.03%
- OI
- $13.38K
- 24h Vol
- $292.17K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short197 long / 129 short samples · 2 days · auto-refresh every 30s