CRCL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.015%higher than 56% of spread values(window 1D)
long $60.5407 · short $60.5500(long 3m / short 1m old)
Entry Spread (order book)-0.017%on $10,000
long $60.5000 · short $60.4900(average execution prices, not mark)
market median $60.5396· long +0.0%· short +0.0%
Size per leg$= $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 0.20% 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 | +$1.54 | -$48.46 | -$98.46 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$18.09 | -$68.09 | -$118.09 |
Breakeven move 0.1963%·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 0.06%) — 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
+0.015%
56 pct
Median
+0.006%
Average
-0.012%
P25 → P75
-0.052% … +0.062%
Range
-1.436% … +0.483%
Std dev
±0.179%
tf
LONG
Aster(dex)
Aster(dex)- Mark Price
- $60.5407
- 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
Pionex(cex)
Pionex(cex)- Mark Price
- $60.5500
- Exchange Ticker
- CRCLX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +1.65%
- OI
- $1.61M
- 24h Vol
- $1.06M
280 long / 281 short samples · 2 days · auto-refresh every 30s