BTC · Convergence Trade
Current Spread (mark)
updated 52s ago+0.096%higher than 12% of spread values(window 1D)
long $77,880.23 · short $77,954.93
Entry Spread (order book)+0.069%on $10,000
long $77,890.51 · short $77,944.21(average execution prices, not mark)
market median $77,930.64· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.23% 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 0.10% 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 | +$9.59 | -$40.41 | -$90.41 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$5.67 | −$5.67 | −$5.67 |
| Funding drag(est. 1h hold) | +$0.97 | +$0.97 | +$0.97 |
| Net potential | -$13.11 | -$63.11 | -$113.11 |
Breakeven move 0.2270%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — 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
+0.096%
12 pct
Median
+0.124%
Average
+0.125%
P25 → P75
+0.107% … +0.144%
Range
+0.055% … +0.193%
Std dev
±0.026%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $77,880.23
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +2.31%
- OI
- $17.45M
- 24h Vol
- $1.09M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,954.93
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.26M
- 24h Vol
- $4.09M
285 long / 285 short samples · 2 days · auto-refresh every 30s