BRENT · Convergence Trade
Current Spread (mark)
updated 57s ago+0.813%higher than 33% of spread values(window 1D)
long $101.9760 · short $102.8046
Entry Spread (order book)+0.837%on $10,000
long $101.9400 · short $102.7935(average execution prices, not mark)
market median $102.7940· long -0.8%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.81% 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 | +$81.25 | +$31.25 | -$18.75 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(orderbook) | −$24.96 | −$24.96 | −$24.96 |
| Funding drag(est. 1h hold) | −$0.39 | −$0.39 | −$0.39 |
| Net potential | +$46.90 | -$3.10 | -$53.10 |
Breakeven move 0.3435%·Tradeability: 2.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.85%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.813%
33 pct
Median
+0.848%
Average
+0.865%
P25 → P75
+0.778% … +0.910%
Range
+0.388% … +1.987%
Std dev
±0.182%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
Variational(dex)
Variational(dex)- Mark Price
- $101.9760
- Exchange Ticker
- UKOILP
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $8.70M
- 24h Vol
- $48.58M
SHORT
Aftermath(dex)
Aftermath(dex)- Mark Price
- $102.8046
- Exchange Ticker
- BRENT
- Taker / Maker
- 0.045% / -0.005%
- Funding APR(1h)
- -33.95%
- OI
- $21.68K
- 24h Vol
- $69.37K
283 long / 280 short samples · 2 days · auto-refresh every 30s