BRENT · Convergence Trade
Current Spread (mark)
updated 32s ago+0.327%higher than 80% of spread values(window 1D)
long $93.4846 · short $93.7900
Entry Spread (order book)-0.489%on $10,000
long $93.4900 · short $93.0332(average execution prices, not mark)
market median $93.4873· long -0.0%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.33%, but entry and exit cost 1.74% 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 0.33% 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 | +$32.66 | -$17.34 | -$67.34 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$152.34 | −$152.34 | −$152.34 |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$141.67 | -$191.67 | -$241.67 |
Breakeven move 1.7433%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~3.2h)
Exit target: spread compresses to the median 0.25% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 11 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
+0.327%
80 pct
Median
+0.244%
Average
+0.255%
P25 → P75
+0.208% … +0.316%
Range
-0.255% … +0.491%
Std dev
±0.089%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $93.4846
- Exchange Ticker
- BRENTOIL_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -0.61%
- OI
- $1.49M
- 24h Vol
- $1.68M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $93.7900
- Exchange Ticker
- XBRUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.96M
- 24h Vol
- $46.58K
282 long / 283 short samples · 2 days · auto-refresh every 30s