BRENT · Convergence Trade
Current Spread (mark)
updated 32s ago+0.081%higher than 65% of spread values(window 1D)
long $93.4045 · short $93.4800
Entry Spread (order book)+0.044%on $10,000
long $93.4293 · short $93.4700(average execution prices, not mark)
market median $93.4800· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.16% 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 0.08% 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 | +$8.08 | -$41.92 | -$91.92 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$6.38 | −$6.38 | −$6.38 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$8.30 | -$58.30 | -$108.30 |
Breakeven move 0.1638%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 50 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 · 284 samples
Current
+0.081%
65 pct
Median
+0.076%
Average
+0.074%
P25 → P75
+0.065% … +0.084%
Range
-0.054% … +0.180%
Std dev
±0.026%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $93.4045
- Exchange Ticker
- BZ
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $5.63M
- 24h Vol
- $1.62M
SHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $93.4800
- Exchange Ticker
- BZUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $159.03M
- 24h Vol
- $282.30M
284 long / 284 short samples · 2 days · auto-refresh every 30s