BNB · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 7m old+0.017%higher than 63% of spread values(window 1D)
long $713.4900 · short $713.6075(long 7m / short 38s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $715.0400· long -0.2%· short -0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.45% 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 0.02% 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 | +$1.65 | -$48.35 | -$98.35 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.16 | +$0.16 | +$0.16 |
| Net potential | -$43.14 | -$93.14 | -$143.14 |
Breakeven move 0.4479%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.017%
63 pct
Median
-0.047%
Average
-0.032%
P25 → P75
-0.129% … +0.062%
Range
-0.628% … +1.078%
Std dev
±0.182%
tf
LONG
Phoenix(dex)
Phoenix(dex)- Mark Price
- $713.4900
- Exchange Ticker
- BNB
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -7.86%
- OI
- $120.99K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Aftermath(dex)
Aftermath(dex)- Mark Price
- $713.6075
- Exchange Ticker
- BNB
- Taker / Maker
- 0.045% / -0.005%
- Funding APR(1h)
- +5.99%
- OI
- $17.86K
- 24h Vol
- $87.21K
152 long / 282 short samples · 2 days · auto-refresh every 30s