BRENT · Convergence Trade
Current Spread (mark)
updated 7s ago+0.134%higher than 94% of spread values(window 1D)
long $93.4045 · short $93.5300
Entry Spread (order book)-0.106%on $10,000
long $93.4293 · short $93.3300(average execution prices, not mark)
market median $93.4800· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.13% 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 | +$13.44 | -$36.56 | -$86.56 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(orderbook) | −$7.45 | −$7.45 | −$7.45 |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | +$6.03 | -$43.97 | -$93.97 |
Breakeven move 0.0741%·Tradeability: 1.8× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 14 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
+0.134%
94 pct
Median
+0.056%
Average
+0.054%
P25 → P75
+0.024% … +0.087%
Range
-0.175% … +0.203%
Std dev
±0.051%
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
Lighter(dex)
Lighter(dex)- Mark Price
- $93.5300
- Exchange Ticker
- BRENTOIL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.22M
- 24h Vol
- $5.07M
284 long / 284 short samples · 2 days · auto-refresh every 30s