DOGE · Convergence Trade
Current Spread (mark)
updated 43s ago+0.013%higher than 43% of spread values(window 1D)
long $0.06286 · short $0.06287
Entry Spread (order book)-0.037%on $10,000
long $0.06287 · short $0.06285(average execution prices, not mark)
market median $0.06287· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.25% 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 0.01% 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 | +$1.27 | -$48.73 | -$98.73 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$4.09 | −$4.09 | −$4.09 |
| Funding drag(est. 1h hold) | +$0.16 | +$0.16 | +$0.16 |
| Net potential | -$23.66 | -$73.66 | -$123.66 |
Breakeven move 0.2493%·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 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.013%
43 pct
Median
+0.019%
Average
+0.020%
P25 → P75
-0.005% … +0.040%
Range
-0.230% … +0.210%
Std dev
±0.044%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.06286
- Exchange Ticker
- DOGE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -29.93%
- OI
- $38.21M
- 24h Vol
- $11.85M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $0.06287
- Exchange Ticker
- DOGEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -15.94%
- OI
- $65.94M
- 24h Vol
- $8.98M
283 long / 283 short samples · 2 days · auto-refresh every 30s