IWM · Convergence Trade
Current Spread
updated 0s ago+0.142%higher than 53% of spread values(window 1D)
long $295.0700 · short $295.4900(long 4m / short 3m old)
market median $295.3900· long -0.1%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.14% 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 | +$14.23 | -$35.77 | -$85.77 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.06 | +$1.06 | +$1.06 |
| Net potential | -$5.71 | -$55.71 | -$105.71 |
Breakeven move 0.1994%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.13% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 35 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 227 samples
Current
+0.142%
53 pct
Median
+0.133%
Average
+0.169%
P25 → P75
+0.082% … +0.207%
Range
-0.129% … +0.722%
Std dev
±0.157%
Size$
chart range
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LONG
OKX(cex)
OKX(cex)- Mark Price
- $295.0700
- Exchange Ticker
- IWM-USDT-SWAP
- Taker / Maker
- 5 / 2 bps
- Funding APR(8h)
- +0.00%
- OI
- $556.80K
- 24h Vol
- $51.45K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $295.4900
- Exchange Ticker
- IWMUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(8h)
- +92.73%
- OI
- $696.56K
- 24h Vol
- $76.87K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short158 long / 193 short samples · 2 days · auto-refresh every 30s