ETH · Convergence Trade
Current Spread (mark)
updated 45s ago+0.009%higher than 95% of spread values(window 1D)
long $1,906.18 · short $1,906.35
Entry Spread (order book)-0.053%on $10,000
long $1,907.23 · short $1,906.22(average execution prices, not mark)
market median $1,905.73· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.08% 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 0.01% 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 | +$0.89 | -$49.11 | -$99.11 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$1.68 | −$1.68 | −$1.68 |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$7.60 | -$57.60 | -$107.60 |
Breakeven move 0.0849%·Tradeability: 0.1× 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 · 284 samples
Current
+0.009%
95 pct
Median
-0.080%
Average
-0.079%
P25 → P75
-0.107% … -0.051%
Range
-0.331% … +0.234%
Std dev
±0.063%
tf
LONG
NADO(dex)
NADO(dex)- Mark Price
- $1,906.18
- Exchange Ticker
- ETH-PERP
- Taker / Maker
- 0.035% / 0.01%
- Funding APR(1h)
- -5.52%
- OI
- $4.85M
- 24h Vol
- $72.12M
SHORT
Variational(dex)
Variational(dex)- Mark Price
- $1,906.35
- Exchange Ticker
- ETH
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $88.44M
- 24h Vol
- $129.59M
283 long / 284 short samples · 2 days · auto-refresh every 30s