BRENT · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.24% 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 0.01% 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 | +$0.98 | -$49.02 | -$99.02 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$8.19 | −$8.19 | −$8.19 |
| Funding drag(est. 1h hold) | −$0.15 | −$0.15 | −$0.15 |
| Net potential | -$23.36 | -$73.36 | -$123.36 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 268 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.
Ondo(dex)- Mark Price
- $97.3305
- Exchange Ticker
- BRENT-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -8.33%
- OI
- $3.21M
- 24h Vol
- $1.44M
TxFlow(dex)- Mark Price
- $97.3400
- Exchange Ticker
- BZ
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -21.53%
- OI
- $41.54K
- 24h Vol
- $310.06K
248 long / 246 short samples · 2 days · auto-refresh every 30s