DELL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.043%higher than 48% of spread values(window 1D)
long $464.0600 · short $464.2600(long 5m / short 4m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $464.0000· long +0.0%· short +0.1%
Size per leg$= $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 0.23% 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 0.04% 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 | +$4.31 | -$45.69 | -$95.69 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.31 | +$0.31 | +$0.31 |
| Net potential | -$18.38 | -$68.38 | -$118.38 |
Breakeven move 0.2269%·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 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Current
+0.043%
48 pct
Median
+0.045%
Average
+0.041%
P25 → P75
+0.000% … +0.095%
Range
-0.583% … +0.558%
Std dev
±0.124%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $464.0600
- Exchange Ticker
- DELLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $3.28M
- 24h Vol
- $1.67M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $464.2600
- Exchange Ticker
- DELL-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +27.27%
- OI
- $371.09K
- 24h Vol
- $226.96K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short251 long / 252 short samples · 2 days · auto-refresh every 30s