BRENT · Convergence Trade
Current Spread (mark)
updated 1m ago+0.125%higher than 91% of spread values(window 1D)
long $93.5430 · short $93.6600(long 20s / short 1m old)
Entry Spread (order book)-0.119%on $10,000
long $93.5410 · short $93.4300(average execution prices, not mark)
market median $93.5072· long +0.0%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.52% 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 0.13% 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 | +$12.51 | -$37.49 | -$87.49 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(orderbook) | −$21.66 | −$21.66 | −$21.66 |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$39.14 | -$89.14 | -$139.14 |
Breakeven move 0.5165%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.07% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 26 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
+0.125%
91 pct
Median
+0.043%
Average
+0.021%
P25 → P75
-0.032% … +0.084%
Range
-0.206% … +0.215%
Std dev
±0.093%
tf
LONG![trade[XYZ]](/icons/exchanges/hl-xyz.svg)
trade[XYZ](dex)
trade[XYZ](dex)- Mark Price
- $93.5430
- Exchange Ticker
- xyz:BRENTOIL
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -0.95%
- OI
- $297.86M
- 24h Vol
- $77.11M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $93.6600
- Exchange Ticker
- XBR-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $21.14M
- 24h Vol
- $49.11M
283 long / 280 short samples · 2 days · auto-refresh every 30s