BTC · Convergence Trade
Current Spread (mark)
updated 34s ago+0.020%higher than 85% of spread values(window 1D)
long $77,967 · short $77,982.38
Entry Spread (order book)+0.009%on $10,000
long $77,970 · short $77,977.14(average execution prices, not mark)
market median $77,960.25· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.19% 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 0.02% 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 | +$1.97 | -$48.03 | -$98.03 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$2.77 | −$2.77 | −$2.77 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$16.92 | -$66.92 | -$116.92 |
Breakeven move 0.1889%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.01% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 42 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 · 285 samples
Current
+0.020%
85 pct
Median
+0.008%
Average
+0.008%
P25 → P75
+0.001% … +0.015%
Range
-0.041% … +0.076%
Std dev
±0.014%
tf
LONG
Bullpen(dex)
Bullpen(dex)- Mark Price
- $77,967
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3182.73M
- 24h Vol
- $657.01M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,982.38
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.25M
- 24h Vol
- $3.93M
285 long / 285 short samples · 2 days · auto-refresh every 30s