ERA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.558%higher than 47% of spread values(window 1D)
long $0.07174 · short $0.07214(long 5m / short 4m old)
Entry Spread (order book)+0.073%on $10,000
long $0.07181 · short $0.07186(average execution prices, not mark)
market median $0.07173· long +0.0%· short +0.6%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.56% 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 | +$55.76 | +$5.76 | -$44.24 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$5.76 | +$5.76 | +$5.76 |
| Net potential | +$38.52 | -$11.48 | -$61.48 |
Breakeven move 0.1724%·Tradeability: 3.2× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.60%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 273 samples
Current
+0.558%
47 pct
Median
+0.596%
Average
+0.701%
P25 → P75
+0.409% … +0.914%
Range
-0.657% … +4.038%
Std dev
±0.555%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.07174
- Exchange Ticker
- ERAUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(1h)
- -493.61%
- OI
- $477.26K
- 24h Vol
- $4.47M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.07214
- Exchange Ticker
- ERAUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $4.01M
- 24h Vol
- $26.50M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short209 long / 254 short samples · 2 days · auto-refresh every 30s