BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.150%higher than 73% of spread values(window 1D)
long $78,414.15 · short $78,531.71(long 1s / short 1m old)
Entry Spread (order book)+0.183%on $10,000
long $78,401.83 · short $78,545.5(average execution prices, not mark)
market median $78,540· long -0.2%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, 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 0.15% 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 | +$14.99 | -$35.01 | -$85.01 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$4.21 | −$4.21 | −$4.21 |
| Funding drag(est. 1h hold) | +$1.57 | +$1.57 | +$1.57 |
| Net potential | -$1.65 | -$51.65 | -$101.65 |
Breakeven move 0.1664%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 44 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.150%
73 pct
Median
+0.084%
Average
+0.101%
P25 → P75
+0.041% … +0.169%
Range
-0.502% … +0.734%
Std dev
±0.120%
tf
LONG
RiseX(dex)
RiseX(dex)- Mark Price
- $78,414.15
- Exchange Ticker
- BTC-PERP
- Taker / Maker
- 0.03% / 0.01%
- Funding APR(1h)
- -49.94%
- OI
- $9.89M
- 24h Vol
- $77.42M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $78,531.71
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.26M
- 24h Vol
- $26.91M
283 long / 283 short samples · 2 days · auto-refresh every 30s