BTC · Convergence Trade
Current Spread (mark)
updated 27s ago+0.074%higher than 76% of spread values(window 1D)
long $67,251.72 · short $67,301.52
Entry Spread (order book)-0.018%on $10,000
long $67,322.96 · short $67,310.52(average execution prices, not mark)
market median $67,284.55· long -0.0%· short +0.0%
Size per leg$= $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 0.27% 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 | +$7.41 | -$42.59 | -$92.59 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$8.29 | −$8.29 | −$8.29 |
| Funding drag(est. 1h hold) | +$0.14 | +$0.14 | +$0.14 |
| Net potential | -$19.74 | -$69.74 | -$119.74 |
Breakeven move 0.2715%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 60 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
+0.074%
76 pct
Median
+0.055%
Average
+0.056%
P25 → P75
+0.037% … +0.074%
Range
-0.079% … +0.263%
Std dev
±0.037%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $67,251.72
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +19.50%
- OI
- $15.60M
- 24h Vol
- $6.11M
SHORT
Hibachi(dex)
Hibachi(dex)- Mark Price
- $67,301.52
- Exchange Ticker
- BTC/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +31.56%
- OI
- $571.15K
- 24h Vol
- $2.94M
285 long / 285 short samples · 2 days · auto-refresh every 30s