BTC · Convergence Trade
Current Spread (mark)
updated 59s ago+0.032%higher than 41% of spread values(window 1D)
long $82,339.8 · short $82,365.73
Entry Spread (order book)+0.026%on $10,000
long $82,316.2 · short $82,337.65(average execution prices, not mark)
market median $82,321.9· long +0.0%· short +0.1%
Size per leg$= $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 0.29% 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 | +$3.15 | -$46.85 | -$96.85 |
| Round-trip fees | −$25.60 | −$25.60 | −$25.60 |
| Slippage(orderbook) | −$3.21 | −$3.21 | −$3.21 |
| Funding drag(est. 1h hold) | −$0.24 | −$0.24 | −$0.24 |
| Net potential | -$25.90 | -$75.90 | -$125.90 |
Breakeven move 0.2905%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.032%
41 pct
Median
+0.036%
Average
+0.036%
P25 → P75
+0.020% … +0.051%
Range
-0.143% … +0.395%
Std dev
±0.041%
tf
LONG
Perpl(dex)
Perpl(dex)- Mark Price
- $82,339.8
- Exchange Ticker
- BTC
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +0.00%
- OI
- $645.39K
- 24h Vol
- $12.10M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $82,365.73
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- -20.72%
- OI
- $996.13K
- 24h Vol
- $5.18M
280 long / 264 short samples · 2 days · auto-refresh every 30s