BTC · Convergence Trade
Current Spread (mark)
updated 53s ago+0.007%higher than 86% of spread values(window 1D)
long $81,638 · short $81,643.9
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $81,656.04· long -0.0%· short -0.0%
Size per leg$= $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 0.09% 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 | +$0.72 | -$49.28 | -$99.28 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$8.29 | -$58.29 | -$108.29 |
Breakeven move 0.0901%·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 0.01%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.007%
86 pct
Median
-0.004%
Average
-0.004%
P25 → P75
-0.011% … +0.003%
Range
-0.095% … +0.085%
Std dev
±0.013%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $81,638
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3567.58M
- 24h Vol
- $2723.89M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $81,643.9
- Exchange Ticker
- BTC-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $170.30M
- 24h Vol
- $788.26M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s