ETH · Convergence Trade
Current Spread (mark)
updated 58s ago+0.054%higher than 99% of spread values(window 1D)
long $2,367.2 · short $2,368.47
Entry Spread (order book)-0.076%on $10,000
long $2,367.8 · short $2,366(average execution prices, not mark)
market median $2,370.52· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, 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 | +$5.38 | -$44.62 | -$94.62 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$4.22 | −$4.22 | −$4.22 |
| Funding drag(est. 1h hold) | +$0.05 | +$0.05 | +$0.05 |
| Net potential | -$13.79 | -$63.79 | -$113.79 |
Breakeven move 0.1917%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.054%
99 pct
Median
-0.078%
Average
-0.077%
P25 → P75
-0.091% … -0.066%
Range
-0.250% … +0.066%
Std dev
±0.031%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $2,367.2
- Exchange Ticker
- ETH
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +4.27%
- OI
- $2500.87M
- 24h Vol
- $718.42M
SHORT
Meridian(dex)
Meridian(dex)- Mark Price
- $2,368.47
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- +8.90%
- OI
- $20.59K
- 24h Vol
- $108.09K
282 long / 282 short samples · 2 days · auto-refresh every 30s