CRCL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.003%higher than 76% of spread values(window 1D)
long $60.5342 · short $60.5360(long 3m / short 2s old)
Entry Spread (order book)-0.103%on $10,000
long $60.5883 · short $60.5260(average execution prices, not mark)
market median $60.5700· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.12% 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 0.00% 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 | +$0.29 | -$49.71 | -$99.71 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$11.59 | -$61.59 | -$111.59 |
Breakeven move 0.1188%·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 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.003%
76 pct
Median
-0.056%
Average
-0.077%
P25 → P75
-0.128% … -0.004%
Range
-0.976% … +0.244%
Std dev
±0.154%
tf
LONG
Aster(dex)
Aster(dex)- Mark Price
- $60.5342
- Exchange Ticker
- CRCLUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(8h)
- +0.00%
- OI
- $1.05M
- 24h Vol
- $493.18K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $60.5360
- Exchange Ticker
- CRCL-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $1.72M
- 24h Vol
- $6.36M
283 long / 285 short samples · 2 days · auto-refresh every 30s