BTC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.011%higher than 83% of spread values(window 1D)
long $82,737 · short $82,746.2(long 50s / short 3m old)
Entry Spread (order book)-0.012%on $10,000
long $82,770 · short $82,760.2(average execution prices, not mark)
market median $82,716.8· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.21% 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 0.01% 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 | +$1.11 | -$48.89 | -$98.89 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$0.13 | −$0.13 | −$0.13 |
| Funding drag(est. 1h hold) | −$0.18 | −$0.18 | −$0.18 |
| Net potential | -$20.20 | -$70.20 | -$120.20 |
Breakeven move 0.2131%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.011%
83 pct
Median
-0.016%
Average
-0.023%
P25 → P75
-0.036% … -0.001%
Range
-0.612% … +0.197%
Std dev
±0.066%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $82,737
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3397.00M
- 24h Vol
- $2602.42M
SHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $82,746.2
- Exchange Ticker
- BTCUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -5.08%
- OI
- $552.92M
- 24h Vol
- $2659.80M
277 long / 256 short samples · 2 days · auto-refresh every 30s