BTC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.116%higher than 98% of spread values(window 1D)
long $67,215 · short $67,292.9(long 11s / short 2m old)
Entry Spread (order book)+0.067%on $10,000
long $67,238 · short $67,282.8(average execution prices, not mark)
market median $67,242.3· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.12%, 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 0.12% 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 | +$11.59 | -$38.41 | -$88.41 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$0.16 | −$0.16 | −$0.16 |
| Funding drag(est. 1h hold) | −$0.08 | −$0.08 | −$0.08 |
| Net potential | -$9.65 | -$59.65 | -$109.65 |
Breakeven move 0.2124%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~18min–~36min)
Exit target: spread compresses to the median 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 9 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 · 284 samples
Current
+0.116%
98 pct
Median
+0.002%
Average
+0.002%
P25 → P75
-0.020% … +0.018%
Range
-0.164% … +0.223%
Std dev
±0.045%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $67,215
- Exchange Ticker
- BTC
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $2564.28M
- 24h Vol
- $3845.80M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $67,292.9
- Exchange Ticker
- BTC-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +3.66%
- OI
- $1842.97M
- 24h Vol
- $4515.71M
284 long / 280 short samples · 2 days · auto-refresh every 30s