BRENT · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.000%higher than 96% of spread values(window 1D)
long $93.4500 · short $93.4500(long 2m / short 1s old)
Entry Spread (order book)-0.108%on $10,000
long $93.5321 · short $93.4307(average execution prices, not mark)
market median $93.4876· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.34% 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 0.00% 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 | +$0.00 | -$50.00 | -$100.00 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$34.02 | -$84.02 | -$134.02 |
Breakeven move 0.3402%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — 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
+0.000%
96 pct
Median
-0.118%
Average
-0.113%
P25 → P75
-0.149% … -0.075%
Range
-0.671% … +0.064%
Std dev
±0.066%
tf
LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $93.4500
- Exchange Ticker
- UKOIL_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $63.85M
- 24h Vol
- $34.81M
SHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $93.4500
- Exchange Ticker
- BZ_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(8h)
- +0.00%
- OI
- $5.72M
- 24h Vol
- $13.96M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short281 long / 285 short samples · 2 days · auto-refresh every 30s