BTC · Convergence Trade
Current Spread (mark)
updated 19s ago+0.028%higher than 94% of spread values(window 1D)
long $77,966 · short $77,987.65
Entry Spread (order book)+0.034%on $10,000
long $77,950.64 · short $77,977.14(average execution prices, not mark)
market median $77,964.2· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.10% 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 0.03% 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 | +$2.78 | -$47.22 | -$97.22 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(orderbook) | −$2.84 | −$2.84 | −$2.84 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$7.18 | -$57.18 | -$107.18 |
Breakeven move 0.0996%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.01% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 19 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
+0.028%
94 pct
Median
+0.011%
Average
+0.011%
P25 → P75
+0.005% … +0.018%
Range
-0.035% … +0.075%
Std dev
±0.012%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $77,966
- Exchange Ticker
- BTC-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $171.07M
- 24h Vol
- $448.09M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,987.65
- 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