ETH · Convergence Trade
Current Spread
updated 0s ago+0.060%higher than 89% of spread values(window 1D)
long $1,933.7 · short $1,934.86(long 54s / short 4m old)
market median $1,933.65· long +0.0%· short +0.1%
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$6.00 | -$44.00 | -$94.00 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$1.04 | −$1.04 | −$1.04 |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$10.05 | -$60.05 | -$110.05 |
Breakeven move 0.1605%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.07%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.060%
89 pct
Median
-0.054%
Average
-0.060%
P25 → P75
-0.103% … -0.025%
Range
-1.031% … +0.446%
Std dev
±0.149%
Size$
chart range
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LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1,933.7
- Exchange Ticker
- ETH
- Taker / Maker
- 4.5 / 1.5 bps
- Funding APR(1h)
- +10.95%
- OI
- $1978.51M
- 24h Vol
- $725.52M
SHORT
Ethereal(dex)
- Mark Price
- $1,934.86
- Exchange Ticker
- ETHUSD
- Taker / Maker
- 3 / 0 bps
- Funding APR(1h)
- +10.00%
- OI
- $9.64M
- 24h Vol
- $1.25M
277 long / 183 short samples · 2 days · auto-refresh every 30s