BRENT · Convergence Trade
Current Spread (mark)
updated 1m ago+0.053%higher than 93% of spread values(window 1D)
long $93.4908 · short $93.5400(long 1m / short 56s old)
Entry Spread (order book)-0.171%on $10,000
long $93.4900 · short $93.3300(average execution prices, not mark)
market median $93.4873· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.13% 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 0.05% 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 | +$5.26 | -$44.74 | -$94.74 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$3.21 | −$3.21 | −$3.21 |
| Funding drag(est. 1h hold) | +$0.05 | +$0.05 | +$0.05 |
| Net potential | -$7.90 | -$57.90 | -$107.90 |
Breakeven move 0.1316%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~30min)
Exit target: spread compresses to the median 0.04% (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
Current
+0.053%
93 pct
Median
-0.021%
Average
-0.019%
P25 → P75
-0.049% … +0.007%
Range
-0.208% … +0.102%
Std dev
±0.045%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $93.4908
- Exchange Ticker
- BRENTOIL_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -0.61%
- OI
- $1.49M
- 24h Vol
- $1.68M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $93.5400
- Exchange Ticker
- BRENTOIL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.23M
- 24h Vol
- $5.09M
282 long / 283 short samples · 2 days · auto-refresh every 30s