BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.066%higher than 99% of spread values(window 1D)
long $67,198 · short $67,242.1(long 16s / short 1m old)
Entry Spread (order book)-0.003%on $10,000
long $67,244.1 · short $67,241.9(average execution prices, not mark)
market median $67,215· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.20% 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 0.07% 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 | +$6.56 | -$43.44 | -$93.44 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$0.09 | −$0.09 | −$0.09 |
| Funding drag(est. 1h hold) | +$0.08 | +$0.08 | +$0.08 |
| Net potential | -$13.45 | -$63.45 | -$113.45 |
Breakeven move 0.2001%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~24min)
Exit target: spread compresses to the median 0.01% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 19 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
+0.066%
99 pct
Median
+0.002%
Average
-0.001%
P25 → P75
-0.013% … +0.012%
Range
-0.165% … +0.223%
Std dev
±0.037%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $67,198
- Exchange Ticker
- BTCUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +3.69%
- OI
- $6492.65M
- 24h Vol
- $13548.80M
SHORT
grvt(dex)
grvt(dex)- Mark Price
- $67,242.1
- Exchange Ticker
- BTC_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- +10.96%
- OI
- $169.42M
- 24h Vol
- $141.22M
284 long / 283 short samples · 2 days · auto-refresh every 30s