BTC · Convergence Trade
Current Spread (mark)
updated 31s ago+0.075%higher than 11% of spread values(window 1D)
long $67,202.82 · short $67,253.3
Entry Spread (order book)-0.004%on $10,000
long $67,259.09 · short $67,256.5(average execution prices, not mark)
market median $67,250.1· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.13% 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 0.08% 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 | +$7.51 | -$42.49 | -$92.49 |
| Round-trip fees | −$10.50 | −$10.50 | −$10.50 |
| Slippage(orderbook) | −$2.47 | −$2.47 | −$2.47 |
| Funding drag(est. 1h hold) | +$0.29 | +$0.29 | +$0.29 |
| Net potential | -$5.17 | -$55.17 | -$105.17 |
Breakeven move 0.1268%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — 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
+0.075%
11 pct
Median
+0.125%
Average
+0.123%
P25 → P75
+0.104% … +0.144%
Range
-0.096% … +0.288%
Std dev
±0.042%
tf
LONG
Paradex(dex)
Paradex(dex)- Mark Price
- $67,202.82
- Exchange Ticker
- BTC-USD-PERP
- Taker / Maker
- 0.0075% / 0%
- Funding APR(8h)
- +5.85%
- OI
- $8.24M
- 24h Vol
- $2.18M
SHORT
Hibachi(dex)
Hibachi(dex)- Mark Price
- $67,253.3
- Exchange Ticker
- BTC/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +31.56%
- OI
- $570.74K
- 24h Vol
- $2.94M
285 long / 285 short samples · 2 days · auto-refresh every 30s