BRENT · Convergence Trade
Current Spread (mark)
updated 25s ago+0.071%higher than 54% of spread values(window 1D)
long $112.0400 · short $112.1200
Entry Spread (order book)+0.107%on $10,000
long $112.0400 · short $112.1600(average execution prices, not mark)
market median $112.0350· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.29% 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 0.07% 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 | +$7.14 | -$42.86 | -$92.86 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(orderbook) | −$5.35 | −$5.35 | −$5.35 |
| Funding drag(est. 1h hold) | +$0.84 | +$0.84 | +$0.84 |
| Net potential | -$21.37 | -$71.37 | -$121.37 |
Breakeven move 0.2851%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.071%
54 pct
Median
+0.062%
Average
+0.050%
P25 → P75
-0.045% … +0.134%
Range
-0.142% … +0.249%
Std dev
±0.099%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $112.0400
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -29.59%
- OI
- $16.31M
- 24h Vol
- $3.99M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $112.1200
- Exchange Ticker
- XBR-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +43.83%
- OI
- $4.69M
- 24h Vol
- $736.66K
285 long / 284 short samples · 2 days · auto-refresh every 30s