BRENT · Convergence Trade
Current Spread (mark)
updated 51s ago+0.310%higher than 79% of spread values(window 1D)
long $93.5300 · short $93.8200
Entry Spread (order book)-0.539%on $10,000
long $93.5376 · short $93.0332(average execution prices, not mark)
market median $93.5002· long +0.0%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.31%, but entry and exit cost 1.72% 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 0.31% 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 | +$31.01 | -$18.99 | -$68.99 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(orderbook) | −$149.15 | −$149.15 | −$149.15 |
| Funding drag(est. 1h hold) | +$0.05 | +$0.05 | +$0.05 |
| Net potential | -$141.09 | -$191.09 | -$241.09 |
Breakeven move 1.7210%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.26% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 15 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
+0.310%
79 pct
Median
+0.256%
Average
+0.254%
P25 → P75
+0.222% … +0.299%
Range
-0.096% … +0.460%
Std dev
±0.080%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $93.5300
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- -4.30%
- OI
- $16.73M
- 24h Vol
- $11.24M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $93.8200
- Exchange Ticker
- XBRUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.96M
- 24h Vol
- $46.24K
283 long / 283 short samples · 2 days · auto-refresh every 30s