BNB · Convergence Trade
Current Spread (mark)
updated 4s ago+0.068%higher than 39% of spread values(window 1D)
long $617.5590 · short $617.9781
Entry Spread (order book)+2.293%on $10,000
long $618.1940 · short $632.3714(average execution prices, not mark)
market median $618.4000· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.11% 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 0.07% 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 | +$6.79 | -$43.21 | -$93.21 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(orderbook) | −$10.59 | −$10.59 | −$10.59 |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$3.82 | -$53.82 | -$103.82 |
Breakeven move 0.1061%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.068%
39 pct
Median
+0.081%
Average
+0.079%
P25 → P75
+0.045% … +0.113%
Range
-0.170% … +0.417%
Std dev
±0.073%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $617.5590
- Exchange Ticker
- BNB
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +1.11%
- OI
- $6.66M
- 24h Vol
- $7.62M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $617.9781
- Exchange Ticker
- BNB-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -0.88%
- OI
- $2.89M
- 24h Vol
- $3.37M
284 long / 284 short samples · 2 days · auto-refresh every 30s