ETH · Convergence Trade
Current Spread (mark)
updated 36s ago+0.000%higher than 43% of spread values(window 1D)
long $1,909.18 · short $1,909.18
Entry Spread (order book)+0.623%on $10,000
long $1,909.19 · short $1,921.08(average execution prices, not mark)
market median $1,908.91· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.11% 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 0.00% 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 | +$0.00 | -$50.00 | -$100.00 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$1.18 | −$1.18 | −$1.18 |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | -$11.15 | -$61.15 | -$111.15 |
Breakeven move 0.1115%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.000%
43 pct
Median
+0.004%
Average
+0.005%
P25 → P75
-0.019% … +0.029%
Range
-0.340% … +0.350%
Std dev
±0.059%
tf
LONG
grvt(dex)
grvt(dex)- Mark Price
- $1,909.18
- Exchange Ticker
- ETH_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- +7.56%
- OI
- $111.07M
- 24h Vol
- $77.90M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $1,909.18
- Exchange Ticker
- ETH-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $68.87M
- 24h Vol
- $438.42M
285 long / 285 short samples · 2 days · auto-refresh every 30s