BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.068%
long $77,933.29 · short $77,986.16(long 27s / short 1m old)
Entry Spread (order book)+0.056%on $10,000
long $77,933.4 · 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 0.07%, but entry and exit cost 0.17% 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 0.07% 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 | +$6.78 | -$43.22 | -$93.22 |
| Round-trip fees | −$9.50 | −$9.50 | −$9.50 |
| Slippage(orderbook) | −$7.97 | −$7.97 | −$7.97 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$9.81 | -$59.81 | -$109.81 |
Breakeven move 0.1659%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — 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
+0.068%
0 pct
Median
+0.110%
Average
+0.110%
P25 → P75
+0.101% … +0.117%
Range
+0.050% … +0.172%
Std dev
±0.015%
tf
LONG
Paradex(dex)
Paradex(dex)- Mark Price
- $77,933.29
- Exchange Ticker
- BTC-USD-PERP
- Taker / Maker
- 0.0075% / 0%
- Funding APR(8h)
- +10.94%
- OI
- $2.36M
- 24h Vol
- $1.55M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,986.16
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.25M
- 24h Vol
- $3.95M
285 long / 285 short samples · 2 days · auto-refresh every 30s