ETH · Convergence Trade
Current Spread (mark)
updated 1m ago+0.048%higher than 89% of spread values(window 1D)
long $2,262.86 · short $2,263.94(long 1m / short 1m old)
Entry Spread (order book)+0.019%on $10,000
long $2,262.86 · short $2,263.3(average execution prices, not mark)
market median $2,263.69· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.19% 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 0.05% 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 | +$4.78 | -$45.22 | -$95.22 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$2.45 | −$2.45 | −$2.45 |
| Funding drag(est. 1h hold) | +$1.37 | +$1.37 | +$1.37 |
| Net potential | -$14.30 | -$64.30 | -$114.30 |
Breakeven move 0.1908%·Tradeability: 0.3× 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 38 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 · 283 samples
Current
+0.048%
89 pct
Median
+0.028%
Average
+0.029%
P25 → P75
+0.019% … +0.040%
Range
-0.030% … +0.136%
Std dev
±0.019%
tf
LONG
HTX(cex)
HTX(cex)- Mark Price
- $2,262.86
- Exchange Ticker
- ETH-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -32.52%
- OI
- $130.62M
- 24h Vol
- $327.33M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $2,263.94
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $357.80K
- 24h Vol
- $2.32M
283 long / 283 short samples · 2 days · auto-refresh every 30s