ETH · Convergence Trade
Current Spread (mark)
updated 46s ago+0.010%higher than 61% of spread values(window 1D)
long $2,251.19 · short $2,251.42
Entry Spread (order book)-0.000%on $10,000
long $2,251.37 · short $2,251.36(average execution prices, not mark)
market median $2,251.03· long +0.0%· short +0.0%
Size per leg$= $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 0.20% 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 | +$1.01 | -$48.99 | -$98.99 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$4.10 | −$4.10 | −$4.10 |
| Funding drag(est. 1h hold) | +$1.44 | +$1.44 | +$1.44 |
| Net potential | -$18.65 | -$68.65 | -$118.65 |
Breakeven move 0.1966%·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 0.01%) — 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
+0.010%
61 pct
Median
+0.007%
Average
+0.005%
P25 → P75
-0.005% … +0.018%
Range
-0.160% … +0.092%
Std dev
±0.025%
tf
LONG
Bullet(dex)
Bullet(dex)- Mark Price
- $2,251.19
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- -110.54%
- OI
- $355.44K
- 24h Vol
- $2.73M
SHORT
Hibachi(dex)
Hibachi(dex)- Mark Price
- $2,251.42
- Exchange Ticker
- ETH/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +15.78%
- OI
- $118.81K
- 24h Vol
- $720.12K
283 long / 283 short samples · 2 days · auto-refresh every 30s