ETH · Convergence Trade
Current Spread (mark)
updated 1m ago+0.052%higher than 10% of spread values(window 1D)
long $2,268.5 · short $2,269.68(long 38s / short 1m old)
Entry Spread (order book)-0.032%on $10,000
long $2,270.24 · short $2,269.52(average execution prices, not mark)
market median $2,269.53· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.32% 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 0.05% 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 | +$5.21 | -$44.79 | -$94.79 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$17.48 | −$17.48 | −$17.48 |
| Funding drag(est. 1h hold) | +$0.73 | +$0.73 | +$0.73 |
| Net potential | -$26.54 | -$76.54 | -$126.54 |
Breakeven move 0.3175%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.07%) — 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
+0.052%
10 pct
Median
+0.074%
Average
+0.115%
P25 → P75
+0.062% … +0.087%
Range
-0.023% … +1.099%
Std dev
±0.200%
tf
LONG
Bluefin(dex)
Bluefin(dex)- Mark Price
- $2,268.5
- Exchange Ticker
- ETH-PERP
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +10.96%
- OI
- $10.39K
- 24h Vol
- $11.44K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $2,269.68
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +74.79%
- OI
- $353.78K
- 24h Vol
- $2.26M
283 long / 283 short samples · 2 days · auto-refresh every 30s