COIN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.016%higher than 62% of spread values(window 1D)
long $124.0700 · short $124.0900(long 4m / short 4m old)
Entry Spread (order book)-0.128%on $10,000
long $124.1389 · short $123.9800(average execution prices, not mark)
market median $124.0862· long -0.0%· short +0.0%
Size per leg$= $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 0.23% 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 | +$1.61 | -$48.39 | -$98.39 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.25 | +$0.25 | +$0.25 |
| Net potential | -$21.14 | -$71.14 | -$121.14 |
Breakeven move 0.2275%·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 0.05%) — 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
+0.016%
62 pct
Median
+0.000%
Average
-0.005%
P25 → P75
-0.048% … +0.047%
Range
-0.655% … +0.660%
Std dev
±0.141%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $124.0700
- Exchange Ticker
- COINUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $4.63M
- 24h Vol
- $3.87M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $124.0900
- Exchange Ticker
- COIN-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +21.91%
- OI
- $6.15M
- 24h Vol
- $16.00M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short256 long / 260 short samples · 2 days · auto-refresh every 30s