JELLYJELLY · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.137%higher than 46% of spread values(window 1D)
long $0.03937 · short $0.03942(long 3m / short 29s old)
Entry Spread (order book)-1.336%on $10,000thin book — size does not fully fill
long $0.03973 · short $0.03920(average execution prices, not mark)
market median $0.03945· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 2.25% 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 0.14% 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 | +$13.72 | -$36.28 | -$86.28 |
| Round-trip fees | −$27.00 | −$27.00 | −$27.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.28 | +$0.28 | +$0.28 |
| Net potential | -$211.33 | -$261.33 | -$311.33 |
Breakeven move 2.2505%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.16%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 277 samples
Current
+0.137%
46 pct
Median
+0.148%
Average
+0.137%
P25 → P75
+0.084% … +0.208%
Range
-3.328% … +1.174%
Std dev
±0.254%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.03937
- Exchange Ticker
- JELLYJELLY_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +10.96%
- OI
- $1.14M
- 24h Vol
- $76.24K
SHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.03942
- Exchange Ticker
- JELLYJELLYUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +35.28%
- OI
- $5.60M
- 24h Vol
- $973.97K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short254 long / 255 short samples · 2 days · auto-refresh every 30s