BNB · Convergence Trade
Current Spread (mark)
updated 59s ago+0.088%higher than 51% of spread values(window 1D)
long $616.8990 · short $617.4400
Entry Spread (order book)+0.129%on $10,000
long $617.0710 · short $617.8656(average execution prices, not mark)
market median $617.5200· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.18% 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 0.09% 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 | +$8.77 | -$41.23 | -$91.23 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(orderbook) | −$9.36 | −$9.36 | −$9.36 |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | -$9.56 | -$59.56 | -$109.56 |
Breakeven move 0.1833%·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 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.088%
51 pct
Median
+0.087%
Average
+0.089%
P25 → P75
+0.067% … +0.109%
Range
-0.084% … +0.267%
Std dev
±0.044%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $616.8990
- Exchange Ticker
- BNB
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.99%
- OI
- $6.64M
- 24h Vol
- $6.98M
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $617.4400
- Exchange Ticker
- BNB
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +3.28%
- OI
- $32.88M
- 24h Vol
- $8.00M
283 long / 283 short samples · 2 days · auto-refresh every 30s