BRENT · Convergence Trade
Current Spread (mark)
updated 21s ago+0.054%higher than 72% of spread values(window 1D)
long $112.0400 · short $112.1009
Entry Spread (order book)-0.019%on $10,000
long $112.0405 · short $112.0189(average execution prices, not mark)
market median $112.0200· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.32% 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 | +$5.44 | -$44.56 | -$94.56 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$12.93 | −$12.93 | −$12.93 |
| Funding drag(est. 1h hold) | +$0.61 | +$0.61 | +$0.61 |
| Net potential | -$26.88 | -$76.88 | -$126.88 |
Breakeven move 0.3232%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 49 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 · 283 samples
Current
+0.054%
72 pct
Median
+0.045%
Average
+0.046%
P25 → P75
+0.032% … +0.059%
Range
-0.009% … +0.296%
Std dev
±0.025%
tf
LONG
BloFin(cex)
BloFin(cex)- Mark Price
- $112.0400
- Exchange Ticker
- BZ-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -26.30%
- OI
- $14.58M
- 24h Vol
- $79.71K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $112.1009
- Exchange Ticker
- BRENTOIL-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +26.73%
- OI
- $22.24K
- 24h Vol
- $23.12K
283 long / 283 short samples · 2 days · auto-refresh every 30s