ETH · Convergence Trade
Current Spread (mark)
updated 1m ago+0.007%higher than 7% of spread values(window 1D)
long $2,476.77 · short $2,476.95(long 1m / short 49s old)
Entry Spread (order book)+0.055%on $10,000
long $2,476.72 · short $2,478.08(average execution prices, not mark)
market median $2,478.61· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.12% 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 | +$0.71 | -$49.29 | -$99.29 |
| Round-trip fees | −$9.10 | −$9.10 | −$9.10 |
| Slippage(orderbook) | −$3.28 | −$3.28 | −$3.28 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$11.67 | -$61.67 | -$111.67 |
Breakeven move 0.1238%·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 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.007%
7 pct
Median
+0.055%
Average
+0.050%
P25 → P75
+0.039% … +0.068%
Range
-0.411% … +0.140%
Std dev
±0.047%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $2,476.77
- Exchange Ticker
- ETHUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +10.96%
- OI
- $67.18M
- 24h Vol
- $183.30M
SHORT
Paradex(dex)
Paradex(dex)- Mark Price
- $2,476.95
- Exchange Ticker
- ETH-USD-PERP
- Taker / Maker
- 0.0075% / 0%
- Funding APR(8h)
- +10.86%
- OI
- $1.45M
- 24h Vol
- $8.84M
284 long / 284 short samples · 1 day · auto-refresh every 30s