BRENT · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.26% 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 0.06% 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 | +$6.09 | -$43.91 | -$93.91 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$4.88 | −$4.88 | −$4.88 |
| Funding drag(est. 1h hold) | +$0.18 | +$0.18 | +$0.18 |
| Net potential | -$19.61 | -$69.61 | -$119.61 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.05% (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 · 283 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Bybit(cex)- Mark Price
- $102.3900
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- -15.61%
- OI
- $23.37M
- 24h Vol
- $4.16M
Pionex(cex)- Mark Price
- $102.4523
- Exchange Ticker
- BRENTOIL_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.37%
- OI
- $3.46M
- 24h Vol
- $682.11K
283 long / 282 short samples · 2 days · auto-refresh every 30s