IREN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old+0.057%higher than 73% of spread values(window 1D)
long $17.6000 · short $17.6100(long 3m / short 6m old)
Entry Spread (order book)-0.155%on $10,000
long $17.6225 · short $17.5952(average execution prices, not mark)
market median $17.6000· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.19% 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 0.06% 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 | +$5.68 | -$44.32 | -$94.32 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$13.32 | -$63.32 | -$113.32 |
Breakeven move 0.1900%·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 0.06%) — 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
+0.057%
73 pct
Median
+0.000%
Average
+0.029%
P25 → P75
-0.057% … +0.112%
Range
-0.949% … +1.755%
Std dev
±0.275%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $17.6000
- Exchange Ticker
- IREN_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(8h)
- +0.00%
- OI
- $1.11M
- 24h Vol
- $3.20M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $17.6100
- Exchange Ticker
- IRENSTOCK_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $1.67M
- 24h Vol
- $662.52K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 257 short samples · 2 days · auto-refresh every 30s