BTC · Convergence Trade
Current Spread (mark)
updated 42s ago+0.041%higher than 60% of spread values(window 1D)
long $77,944.2 · short $77,976.11
Entry Spread (order book)+0.021%on $10,000
long $77,957.8 · short $77,974.48(average execution prices, not mark)
market median $77,953.9· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, 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 0.04% 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 | +$4.09 | -$45.91 | -$95.91 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$2.96 | −$2.96 | −$2.96 |
| Funding drag(est. 1h hold) | +$0.65 | +$0.65 | +$0.65 |
| Net potential | -$15.22 | -$65.22 | -$115.22 |
Breakeven move 0.1931%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 47 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
+0.041%
60 pct
Median
+0.038%
Average
+0.037%
P25 → P75
+0.028% … +0.046%
Range
-0.015% … +0.092%
Std dev
±0.015%
tf
LONG
Hibachi(dex)
Hibachi(dex)- Mark Price
- $77,944.2
- Exchange Ticker
- BTC/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +30.68%
- OI
- $494.35K
- 24h Vol
- $7.09M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,976.11
- 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