FIL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.044%higher than 75% of spread values(window 1D)
long $0.6847 · short $0.6850(long 4m / short 5m old)
Entry Spread (order book)-0.249%on $10,000
long $0.6854 · short $0.6837(average execution prices, not mark)
market median $0.6851· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.24% 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 0.04% 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 | +$4.38 | -$45.62 | -$95.62 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.47 | +$0.47 | +$0.47 |
| Net potential | -$19.15 | -$69.15 | -$119.15 |
Breakeven move 0.2353%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — 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
+0.044%
75 pct
Median
-0.015%
Average
-0.044%
P25 → P75
-0.139% … +0.044%
Range
-1.069% … +1.062%
Std dev
±0.201%
tf
LONG
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.6847
- Exchange Ticker
- FILUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -30.57%
- OI
- $4.40M
- 24h Vol
- $24.40M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $0.6850
- Exchange Ticker
- FILUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +10.96%
- OI
- $1.23M
- 24h Vol
- $1.27M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short262 long / 254 short samples · 2 days · auto-refresh every 30s