BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.100%higher than 61% of spread values(window 1D)
long $80,695 · short $80,776(long 1m / short 3s old)
Entry Spread (order book)-0.005%on $10,000
long $80,742.65 · short $80,738.46(average execution prices, not mark)
market median $80,786.15· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.15% 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 0.10% 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 | +$10.04 | -$39.96 | -$89.96 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$4.96 | -$54.96 | -$104.96 |
Breakeven move 0.1500%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.100%
61 pct
Median
+0.096%
Average
+0.092%
P25 → P75
+0.078% … +0.109%
Range
-0.145% … +0.269%
Std dev
±0.040%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $80,695
- Exchange Ticker
- BTC-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $5.16M
- 24h Vol
- $19.55M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Polymarket(dex)
Polymarket(dex)- Mark Price
- $80,776
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.0125%
- Funding APR(1h)
- +10.96%
- OI
- $12.96M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 285 short samples · 2 days · auto-refresh every 30s