BTC · Convergence Trade
Current Spread (mark)
updated 44s ago+0.029%higher than 85% of spread values(window 1D)
long $77,960 · short $77,982.38
Entry Spread (order book)+0.021%on $10,000
long $77,961 · short $77,977.14(average execution prices, not mark)
market median $77,960.55· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.18% 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 | +$2.87 | -$47.13 | -$97.13 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$2.77 | −$2.77 | −$2.77 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$15.02 | -$65.02 | -$115.02 |
Breakeven move 0.1789%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.02% (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 · 285 samples
Current
+0.029%
85 pct
Median
+0.019%
Average
+0.019%
P25 → P75
+0.012% … +0.025%
Range
-0.037% … +0.096%
Std dev
±0.013%
tf
LONG
SoDEX(dex)
SoDEX(dex)- Mark Price
- $77,960
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.012%
- Funding APR(1h)
- +10.96%
- OI
- $71.47M
- 24h Vol
- $104.86M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,982.38
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.25M
- 24h Vol
- $3.93M
285 long / 285 short samples · 2 days · auto-refresh every 30s