BTC · Convergence Trade
Current Spread (mark)
updated 25s ago+0.152%higher than 97% of spread values(window 1D)
long $62,861.5 · short $62,957.18
Entry Spread (order book)-0.007%on $10,000
long $62,854 · short $62,849.4(average execution prices, not mark)
market median $62,842.4· long +0.0%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.38% 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 0.15% 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 | +$15.22 | -$34.78 | -$84.78 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$17.71 | −$17.71 | −$17.71 |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | -$22.42 | -$72.42 | -$122.42 |
Breakeven move 0.3764%·Tradeability: 0.4× 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 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 11 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
+0.152%
97 pct
Median
+0.037%
Average
+0.034%
P25 → P75
+0.010% … +0.063%
Range
-0.214% … +0.238%
Std dev
±0.055%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $62,861.5
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $13.80M
- 24h Vol
- $5.96M
SHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $62,957.18
- Exchange Ticker
- BTCUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +6.40%
- OI
- $6232.04M
- 24h Vol
- $21886.88M
285 long / 285 short samples · 2 days · auto-refresh every 30s