BRENT · Convergence Trade
Current Spread (mark)
updated 43s ago+0.413%higher than 82% of spread values(window 1D)
long $93.4045 · short $93.7900
Entry Spread (order book)-0.417%on $10,000thin book — size does not fully fill
long $93.4293 · short $93.0393(average execution prices, not mark)
market median $93.4800· long -0.1%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.41%, but entry and exit cost 1.56% 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 0.41% 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 | +$41.27 | -$8.73 | -$58.73 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(orderbook) | −$144.45 | −$144.45 | −$144.45 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$115.18 | -$165.18 | -$215.18 |
Breakeven move 1.5645%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~30mintypical time to exit(usually ~6min–~3.4h)
Exit target: spread compresses to the median 0.32% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 13 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
+0.413%
82 pct
Median
+0.322%
Average
+0.327%
P25 → P75
+0.279% … +0.393%
Range
+0.043% … +0.549%
Std dev
±0.088%
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
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
- $46.36K
284 long / 284 short samples · 2 days · auto-refresh every 30s