BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.017%higher than 69% of spread values(window 1D)
long $67,246.5 · short $67,258.2(long 1m / short 54s old)
Entry Spread (order book)+1.972%on $10,000
long $67,246.4 · short $68,572.44(average execution prices, not mark)
market median $67,254.1· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.10% 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 0.02% 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 | +$1.74 | -$48.26 | -$98.26 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$0.28 | −$0.28 | −$0.28 |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | -$8.51 | -$58.51 | -$108.51 |
Breakeven move 0.1025%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.017%
69 pct
Median
+0.004%
Average
+0.007%
P25 → P75
-0.017% … +0.024%
Range
-0.255% … +0.384%
Std dev
±0.053%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $67,246.5
- Exchange Ticker
- BTC_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +4.47%
- OI
- $122.06M
- 24h Vol
- $5473.30M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $67,258.2
- Exchange Ticker
- BTC-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +7.01%
- OI
- $127.46M
- 24h Vol
- $1078.27M
282 long / 283 short samples · 2 days · auto-refresh every 30s