ETH · Convergence Trade
Current Spread (mark)
updated 59s ago+0.081%higher than 91% of spread values(window 1D)
long $1,733.4 · short $1,734.8
Entry Spread (order book)-0.057%on $10,000
long $1,734.9 · short $1,733.91(average execution prices, not mark)
market median $1,733.55· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, 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 0.08% 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 | +$8.08 | -$41.92 | -$91.92 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$4.40 | −$4.40 | −$4.40 |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$11.13 | -$61.13 | -$111.13 |
Breakeven move 0.1921%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 62 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 · 285 samples
Current
+0.081%
91 pct
Median
-0.048%
Average
-0.036%
P25 → P75
-0.081% … +0.014%
Range
-0.732% … +0.633%
Std dev
±0.106%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1,733.4
- Exchange Ticker
- ETH
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -5.85%
- OI
- $1109.14M
- 24h Vol
- $2067.55M
SHORT
WOOFi Pro(dex)
WOOFi Pro(dex)- Mark Price
- $1,734.8
- Exchange Ticker
- PERP_ETH_USDC
- Taker / Maker
- 0.03% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $4.93M
- 24h Vol
- $22.01M
285 long / 284 short samples · 2 days · auto-refresh every 30s