ETH · Convergence Trade
Current Spread (mark)
updated 48s ago+0.007%higher than 70% of spread values(window 1D)
long $2,262.5 · short $2,262.67
Entry Spread (order book)-0.037%on $10,000
long $2,262.48 · short $2,261.64(average execution prices, not mark)
market median $2,262.42· long +0.0%· short +0.0%
Size per leg$= $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 0.17% 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 | +$0.74 | -$49.26 | -$99.26 |
| Round-trip fees | −$14.40 | −$14.40 | −$14.40 |
| Slippage(orderbook) | −$2.79 | −$2.79 | −$2.79 |
| Funding drag(est. 1h hold) | +$0.60 | +$0.60 | +$0.60 |
| Net potential | -$15.85 | -$65.85 | -$115.85 |
Breakeven move 0.1659%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.01%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.007%
70 pct
Median
+0.001%
Average
-0.001%
P25 → P75
-0.012% … +0.009%
Range
-0.075% … +0.108%
Std dev
±0.019%
tf
LONG
PopDEX(dex)
PopDEX(dex)- Mark Price
- $2,262.5
- Exchange Ticker
- ETHUSDT
- Taker / Maker
- 0.032% / 0.01%
- Funding APR(1h)
- +10.96%
- OI
- $5.33M
- 24h Vol
- $13.24M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $2,262.67
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +63.69%
- OI
- $358.67K
- 24h Vol
- $2.31M
285 long / 285 short samples · 2 days · auto-refresh every 30s