BRENT · Convergence Trade
Current Spread (mark)
updated 1m ago+0.053%higher than 90% of spread values(window 1D)
long $93.4500 · short $93.5000(long 1m / short 1m old)
Entry Spread (order book)+0.009%on $10,000
long $93.4712 · short $93.4800(average execution prices, not mark)
market median $93.4924· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.31% 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 0.05% 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 | +$5.35 | -$44.65 | -$94.65 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(orderbook) | −$6.86 | −$6.86 | −$6.86 |
| Funding drag(est. 1h hold) | −$0.04 | −$0.04 | −$0.04 |
| Net potential | -$25.55 | -$75.55 | -$125.55 |
Breakeven move 0.3090%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 39 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 · 282 samples
Current
+0.053%
90 pct
Median
+0.021%
Average
+0.024%
P25 → P75
+0.011% … +0.043%
Range
-0.096% … +0.140%
Std dev
±0.031%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $93.4500
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $38.43M
- 24h Vol
- $31.04M
SHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $93.5000
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -3.13%
- OI
- $11.55M
- 24h Vol
- $24.06M
282 long / 282 short samples · 2 days · auto-refresh every 30s