BTC · Convergence Trade
Current Spread (mark)
updated 39s ago+0.121%higher than 89% of spread values(window 1D)
long $77,888.34 · short $77,982.38
Entry Spread (order book)+0.092%on $10,000
long $77,905.69 · short $77,977.14(average execution prices, not mark)
market median $77,960.25· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.12%, 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 0.12% 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 | +$12.07 | -$37.93 | -$87.93 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$4.92 | −$4.92 | −$4.92 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$6.97 | -$56.97 | -$106.97 |
Breakeven move 0.1904%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 41 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
+0.121%
89 pct
Median
+0.107%
Average
+0.107%
P25 → P75
+0.100% … +0.113%
Range
+0.063% … +0.143%
Std dev
±0.011%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $77,888.34
- Exchange Ticker
- BTC-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $4.90M
- 24h Vol
- $7.12M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,982.38
- 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