GBP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.203%higher than 98% of spread values(window 1D)
long $1.3211 · short $1.3238(long 4m / short 3m old)
Entry Spread (order book)-0.098%on $10,000
long $1.3212 · short $1.3199(average execution prices, not mark)
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.20% 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 | +$20.29 | -$29.71 | -$79.71 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.16 | +$0.16 | +$0.16 |
| Net potential | +$1.67 | -$48.33 | -$98.33 |
Breakeven move 0.1862%·Tradeability: 1.1× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.09% (75% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.203%
98 pct
Median
+0.089%
Average
+0.097%
P25 → P75
+0.059% … +0.136%
Range
-0.051% … +0.249%
Std dev
±0.049%
tf
LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $1.3211
- Exchange Ticker
- GBP_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- -14.03%
- OI
- $21.85M
- 24h Vol
- $277.56K
SHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $1.3238
- Exchange Ticker
- GBPUSDUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $401.08K
- 24h Vol
- $11.14K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 256 short samples · 2 days · auto-refresh every 30s