CRCL · Convergence Trade
Current Spread (mark)
updated 53s ago+0.043%higher than 55% of spread values(window 1D)
long $60.4987 · short $60.5250
Entry Spread (order book)order book loading (~30s) — refresh to see it
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 0.04%, 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 0.04% 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 | +$4.35 | -$45.65 | -$95.65 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$15.61 | -$65.61 | -$115.61 |
Breakeven move 0.1996%·Tradeability: 0.2× 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
+0.043%
55 pct
Median
+0.035%
Average
+0.000%
P25 → P75
-0.055% … +0.094%
Range
-1.080% … +0.480%
Std dev
±0.172%
tf
LONG
QFEX(dex)
QFEX(dex)- Mark Price
- $60.4987
- Exchange Ticker
- CRCL-USD
- Taker / Maker
- 0.1% / 0.05%
- Funding APR(1h)
- +0.00%
- OI
- $779.07K
- 24h Vol
- $1.50M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $60.5250
- Exchange Ticker
- CRCL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $1.26M
- 24h Vol
- $4.41M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 285 short samples · 2 days · auto-refresh every 30s