ETH · Convergence Trade
Current Spread (mark)
updated 28s ago+0.049%higher than 2% of spread values(window 1D)
long $2,254.69 · short $2,255.8
Entry Spread (order book)+0.149%on $10,000
long $2,254.71 · short $2,258.06(average execution prices, not mark)
market median $2,257.25· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.19% 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 | +$4.91 | -$45.09 | -$95.09 |
| Round-trip fees | −$15.60 | −$15.60 | −$15.60 |
| Slippage(orderbook) | −$4.08 | −$4.08 | −$4.08 |
| Funding drag(est. 1h hold) | +$1.13 | +$1.13 | +$1.13 |
| Net potential | -$13.64 | -$63.64 | -$113.64 |
Breakeven move 0.1855%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.049%
2 pct
Median
+0.107%
Average
+0.114%
P25 → P75
+0.092% … +0.131%
Range
-0.040% … +0.292%
Std dev
±0.039%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $2,254.69
- Exchange Ticker
- ETHUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- -11.51%
- OI
- $55.22M
- 24h Vol
- $99.81M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $2,255.8
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $315.69K
- 24h Vol
- $4.50M
282 long / 282 short samples · 2 days · auto-refresh every 30s