ENA · Convergence Trade
Current Spread (mark)
updated 28s ago+0.021%higher than 41% of spread values(window 1D)
long $0.1883 · short $0.1883
Entry Spread (order book)+0.130%on $10,000
long $0.1879 · short $0.1882(average execution prices, not mark)
market median $0.1883· long -0.0%· short -0.0%
Size per leg$= $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 0.26% 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 | +$2.12 | -$47.88 | -$97.88 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$12.59 | −$12.59 | −$12.59 |
| Funding drag(est. 1h hold) | +$2.29 | +$2.29 | +$2.29 |
| Net potential | -$24.18 | -$74.18 | -$124.18 |
Breakeven move 0.2630%·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
+0.021%
41 pct
Median
+0.027%
Average
+0.027%
P25 → P75
+0.010% … +0.043%
Range
-0.096% … +0.192%
Std dev
±0.033%
tf
LONG
Meridian(dex)
Meridian(dex)- Mark Price
- $0.1883
- Exchange Ticker
- ENAUSD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- -189.59%
- OI
- $128.82K
- 24h Vol
- $86.51K
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $0.1883
- Exchange Ticker
- ENA_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $376.82K
- 24h Vol
- $116.40K
283 long / 283 short samples · 1 day · auto-refresh every 30s