IBM · Convergence Trade
Current Spread
updated 0s ago+0.081%higher than 92% of spread values(window 1D)
long $211.0500 · short $211.2200(long 3m / short 2m old)
market median $211.3400· long -0.1%· short -0.1%
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$8.05 | -$41.95 | -$91.95 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.57 | −$0.57 | −$0.57 |
| Net potential | -$15.52 | -$65.52 | -$115.52 |
Breakeven move 0.2357%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 225 samples
Current
+0.081%
92 pct
Median
-0.061%
Average
-0.055%
P25 → P75
-0.113% … -0.005%
Range
-0.514% … +0.450%
Std dev
±0.111%
Size$
chart range
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LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $211.0500
- Exchange Ticker
- IBMUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(8h)
- +49.84%
- OI
- $2.30M
- 24h Vol
- $887.52K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $211.2200
- Exchange Ticker
- IBM-SWAP-USDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- +0.00%
- OI
- $40.63K
- 24h Vol
- $1.63M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short200 long / 127 short samples · 2 days · auto-refresh every 30s