DOGE · Convergence Trade
Current Spread (mark)
updated 31s ago+0.114%higher than 68% of spread values(window 1D)
long $0.07925 · short $0.07934
Entry Spread (order book)+0.099%on $10,000
long $0.07926 · short $0.07934(average execution prices, not mark)
market median $0.07934· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.27% 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 0.11% 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 | +$11.36 | -$38.64 | -$88.64 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$5.29 | −$5.29 | −$5.29 |
| Funding drag(est. 1h hold) | +$0.48 | +$0.48 | +$0.48 |
| Net potential | -$15.45 | -$65.45 | -$115.45 |
Breakeven move 0.2681%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 66 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.114%
68 pct
Median
+0.102%
Average
+0.106%
P25 → P75
+0.089% … +0.117%
Range
-0.196% … +0.314%
Std dev
±0.048%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.07925
- Exchange Ticker
- DOGE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -18.38%
- OI
- $405.59K
- 24h Vol
- $175.01K
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $0.07934
- Exchange Ticker
- DOGE-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +23.51%
- OI
- $10.06M
- 24h Vol
- $7.06M
283 long / 283 short samples · 1 day · auto-refresh every 30s