ETH · Convergence Trade
Current Spread (mark)
updated 1m ago+0.056%higher than 22% of spread values(window 1D)
long $2,329.98 · short $2,331.29(long 1m / short 47s old)
Entry Spread (order book)+0.042%on $10,000
long $2,332.6 · short $2,333.58(average execution prices, not mark)
market median $2,331.62· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.15% 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 0.06% 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 | +$5.60 | -$44.40 | -$94.40 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$9.21 | -$59.21 | -$109.21 |
Breakeven move 0.1481%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.07%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.056%
22 pct
Median
+0.073%
Average
+0.074%
P25 → P75
+0.059% … +0.093%
Range
-0.081% … +0.189%
Std dev
±0.037%
tf
LONG
Meridian(dex)
Meridian(dex)- Mark Price
- $2,329.98
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- +5.04%
- OI
- $56.23K
- 24h Vol
- $140.02K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hibachi(dex)
Hibachi(dex)- Mark Price
- $2,331.29
- Exchange Ticker
- ETH/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +21.91%
- OI
- $102.86K
- 24h Vol
- $1.02M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s