BTC · Convergence Trade
Current Spread (mark)
updated 45s ago+0.087%higher than 21% of spread values(window 1D)
long $77,442.48 · short $77,510.05
Entry Spread (order book)+0.073%on $10,000
long $77,425.64 · short $77,481.9(average execution prices, not mark)
market median $77,474.26· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, 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 0.09% 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 | +$8.73 | -$41.27 | -$91.27 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$2.26 | −$2.26 | −$2.26 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$7.65 | -$57.65 | -$107.65 |
Breakeven move 0.1638%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.087%
21 pct
Median
+0.133%
Average
+0.146%
P25 → P75
+0.099% … +0.193%
Range
-0.298% … +0.867%
Std dev
±0.115%
tf
LONG
BULK(dex)
BULK(dex)- Mark Price
- $77,442.48
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.035% / 0%
- Funding APR(1h)
- +10.96%
- OI
- $4.35M
- 24h Vol
- $11.13M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,510.05
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.27M
- 24h Vol
- $15.48M
285 long / 285 short samples · 2 days · auto-refresh every 30s