BTC · Convergence Trade
Current Spread (mark)
updated 6s ago+0.007%higher than 88% of spread values(window 1D)
long $77,978.4 · short $77,983.85
Entry Spread (order book)-0.004%on $10,000
long $77,986.52 · short $77,983.8(average execution prices, not mark)
market median $78,034.23· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, 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 0.01% 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 | +$0.70 | -$49.30 | -$99.30 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$1.66 | −$1.66 | −$1.66 |
| Funding drag(est. 1h hold) | +$0.21 | +$0.21 | +$0.21 |
| Net potential | -$16.75 | -$66.75 | -$116.75 |
Breakeven move 0.1745%·Tradeability: 0.0× 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 · 282 samples
Current
+0.007%
88 pct
Median
-0.022%
Average
-0.022%
P25 → P75
-0.038% … -0.006%
Range
-0.108% … +0.089%
Std dev
±0.026%
tf
LONG
N1(dex)
N1(dex)- Mark Price
- $77,978.4
- Exchange Ticker
- BTC
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +7.01%
- OI
- $372.49K
- 24h Vol
- $933.31K
SHORT
RiseX(dex)
RiseX(dex)- Mark Price
- $77,983.85
- Exchange Ticker
- BTC-PERP
- Taker / Maker
- 0.03% / 0.01%
- Funding APR(1h)
- +24.99%
- OI
- $9.43M
- 24h Vol
- $42.77M
282 long / 282 short samples · 2 days · auto-refresh every 30s