ETH · Convergence Trade
Current Spread (mark)
updated 37s ago+0.094%higher than 19% of spread values(window 1D)
long $2,486.85 · short $2,489.19
Entry Spread (order book)+0.089%on $10,000
long $2,486.49 · short $2,488.7(average execution prices, not mark)
market median $2,488.94· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.18% 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 0.09% 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 | +$9.41 | -$40.59 | -$90.59 |
| Round-trip fees | −$16.60 | −$16.60 | −$16.60 |
| Slippage(orderbook) | −$1.60 | −$1.60 | −$1.60 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$8.79 | -$58.79 | -$108.79 |
Breakeven move 0.1820%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — 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
+0.094%
19 pct
Median
+0.125%
Average
+0.118%
P25 → P75
+0.100% … +0.139%
Range
-0.281% … +0.247%
Std dev
±0.043%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $2,486.85
- Exchange Ticker
- ETHUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +10.96%
- OI
- $67.22M
- 24h Vol
- $183.91M
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $2,489.19
- Exchange Ticker
- ETH
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $2773.44M
- 24h Vol
- $834.61M
282 long / 282 short samples · 2 days · auto-refresh every 30s