FET · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.079%higher than 40% of spread values(window 1D)
long $0.1389 · short $0.1390(long 5m / short 5s old)
Entry Spread (order book)-0.145%on $10,000
long $0.1391 · short $0.1389(average execution prices, not mark)
market median $0.1391· long -0.2%· short -0.1%
Size per leg$= $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 0.15% 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 0.08% 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 | +$7.92 | -$42.08 | -$92.08 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.39 | +$0.39 | +$0.39 |
| Net potential | -$6.69 | -$56.69 | -$106.69 |
Breakeven move 0.1461%·Tradeability: 0.5× 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 · 284 samples
Current
+0.079%
40 pct
Median
+0.119%
Average
+0.108%
P25 → P75
+0.020% … +0.209%
Range
-1.017% … +1.851%
Std dev
±0.233%
tf
LONG
WOOFi Pro(dex)
WOOFi Pro(dex)- Mark Price
- $0.1389
- Exchange Ticker
- PERP_FET_USDC
- Taker / Maker
- 0.03% / 0%
- Funding APR(8h)
- -23.06%
- OI
- $14.39K
- 24h Vol
- $486.24K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.1390
- Exchange Ticker
- FET
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $5.04M
- 24h Vol
- $1.31M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short246 long / 284 short samples · 2 days · auto-refresh every 30s