ETH · Convergence Trade
Current Spread (mark)
updated 58s ago+0.065%higher than 94% of spread values(window 1D)
long $1,911.58 · short $1,912.83
Entry Spread (order book)-0.027%on $10,000
long $1,911.73 · short $1,911.21(average execution prices, not mark)
market median $1,911.88· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.34% 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 0.07% 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 | +$6.53 | -$43.47 | -$93.47 |
| Round-trip fees | −$26.60 | −$26.60 | −$26.60 |
| Slippage(orderbook) | −$8.68 | −$8.68 | −$8.68 |
| Funding drag(est. 1h hold) | +$0.79 | +$0.79 | +$0.79 |
| Net potential | -$27.96 | -$77.96 | -$127.96 |
Breakeven move 0.3449%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 40 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.065%
94 pct
Median
-0.008%
Average
-0.009%
P25 → P75
-0.035% … +0.013%
Range
-0.257% … +0.555%
Std dev
±0.061%
tf
LONG
Hibachi(dex)
Hibachi(dex)- Mark Price
- $1,911.58
- Exchange Ticker
- ETH/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- -20.16%
- OI
- $115.27K
- 24h Vol
- $247.68K
SHORT
Perpl(dex)
Perpl(dex)- Mark Price
- $1,912.83
- Exchange Ticker
- ETH
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +48.93%
- OI
- $67.90K
- 24h Vol
- $3.90M
284 long / 283 short samples · 2 days · auto-refresh every 30s