ETH · Convergence Trade
Current Spread (mark)
updated 48s ago+0.154%higher than 96% of spread values(window 1D)
long $1,912.3 · short $1,915.24
Entry Spread (order book)+0.084%on $10,000
long $1,913 · short $1,914.61(average execution prices, not mark)
market median $1,914· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.36% 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 0.15% 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 | +$15.39 | -$34.61 | -$84.61 |
| Round-trip fees | −$27.60 | −$27.60 | −$27.60 |
| Slippage(orderbook) | −$8.74 | −$8.74 | −$8.74 |
| Funding drag(est. 1h hold) | +$0.59 | +$0.59 | +$0.59 |
| Net potential | -$20.36 | -$70.36 | -$120.36 |
Breakeven move 0.3575%·Tradeability: 0.4× 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 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 10 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 · 283 samples
Current
+0.154%
96 pct
Median
+0.035%
Average
+0.040%
P25 → P75
+0.014% … +0.068%
Range
-0.183% … +0.424%
Std dev
±0.058%
tf
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $1,912.3
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- -3.18%
- OI
- $8.45M
- 24h Vol
- $24.98M
SHORT
Perpl(dex)
Perpl(dex)- Mark Price
- $1,915.24
- Exchange Ticker
- ETH
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +48.93%
- OI
- $67.99K
- 24h Vol
- $3.90M
283 long / 282 short samples · 2 days · auto-refresh every 30s