ETH · Convergence Trade
Current Spread (mark)
updated 39s ago+0.142%higher than 27% of spread values(window 1D)
long $2,267.08 · short $2,270.3
Entry Spread (order book)+0.110%on $10,000
long $2,267.42 · short $2,269.91(average execution prices, not mark)
market median $2,270.06· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.15% 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 0.14% 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 | +$14.18 | -$35.82 | -$85.82 |
| Round-trip fees | −$9.50 | −$9.50 | −$9.50 |
| Slippage(orderbook) | −$6.21 | −$6.21 | −$6.21 |
| Funding drag(est. 1h hold) | +$0.99 | +$0.99 | +$0.99 |
| Net potential | -$0.54 | -$50.54 | -$100.54 |
Breakeven move 0.1472%·Tradeability: 1.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.15%) — 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
+0.142%
27 pct
Median
+0.152%
Average
+0.151%
P25 → P75
+0.141% … +0.166%
Range
+0.073% … +0.263%
Std dev
±0.024%
tf
LONG
Paradex(dex)
Paradex(dex)- Mark Price
- $2,267.08
- Exchange Ticker
- ETH-USD-PERP
- Taker / Maker
- 0.0075% / 0%
- Funding APR(8h)
- +0.63%
- OI
- $1.05M
- 24h Vol
- $994.85K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $2,270.3
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $368.50K
- 24h Vol
- $2.19M
282 long / 282 short samples · 2 days · auto-refresh every 30s