ETH · Convergence Trade
Current Spread (mark)
updated 27s ago+0.003%higher than 80% of spread values(window 1D)
long $1,907.84 · short $1,907.9
Entry Spread (order book)-0.104%on $10,000
long $1,909.44 · short $1,907.46(average execution prices, not mark)
market median $1,908.8· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.28% 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 0.00% 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 | +$0.33 | -$49.67 | -$99.67 |
| Round-trip fees | −$13.80 | −$13.80 | −$13.80 |
| Slippage(orderbook) | −$14.43 | −$14.43 | −$14.43 |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | -$27.78 | -$77.78 | -$127.78 |
Breakeven move 0.2811%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.003%
80 pct
Median
-0.021%
Average
-0.020%
P25 → P75
-0.040% … -0.002%
Range
-0.220% … +0.150%
Std dev
±0.037%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $1,907.84
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $8.43M
- 24h Vol
- $24.75M
SHORT
Katana Perps(dex)
Katana Perps(dex)- Mark Price
- $1,907.9
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.019% / 0.0047%
- Funding APR(8h)
- +10.93%
- OI
- $324.66K
- 24h Vol
- $6.68M
285 long / 285 short samples · 2 days · auto-refresh every 30s