ETH · Convergence Trade
Current Spread (mark)
updated 1m ago+0.032%higher than 90% of spread values(window 1D)
long $1,905.65 · short $1,906.27(long 14s / short 1m old)
Entry Spread (order book)-0.029%on $10,000
long $1,906.61 · short $1,906.06(average execution prices, not mark)
market median $1,905.73· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.21% 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 0.03% 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 | +$3.22 | -$46.78 | -$96.78 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$0.84 | −$0.84 | −$0.84 |
| Funding drag(est. 1h hold) | +$0.00 | +$0.00 | +$0.00 |
| Net potential | -$17.62 | -$67.62 | -$117.62 |
Breakeven move 0.2084%·Tradeability: 0.2× 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 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 49 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 · 284 samples
Current
+0.032%
90 pct
Median
-0.006%
Average
-0.007%
P25 → P75
-0.024% … +0.006%
Range
-0.226% … +0.440%
Std dev
±0.050%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $1,905.65
- Exchange Ticker
- ETHUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +6.93%
- OI
- $4431.46M
- 24h Vol
- $8656.12M
SHORT
grvt(dex)
grvt(dex)- Mark Price
- $1,906.27
- Exchange Ticker
- ETH_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- +7.34%
- OI
- $110.94M
- 24h Vol
- $77.48M
284 long / 284 short samples · 2 days · auto-refresh every 30s