LINK · Convergence Trade
Current Spread (mark)
updated 59s ago+0.508%higher than 95% of spread values(window 1D)
long $11.0210 · short $11.0770
Entry Spread (order book)+0.125%on $10,000
long $11.0550 · short $11.0688(average execution prices, not mark)
market median $11.0650· long -0.4%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.51%, but entry and exit cost 0.76% 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 0.51% 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 | +$50.81 | +$0.81 | -$49.19 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$56.37 | −$56.37 | −$56.37 |
| Funding drag(est. 1h hold) | +$2.12 | +$2.12 | +$2.12 |
| Net potential | -$25.44 | -$75.44 | -$125.44 |
Breakeven move 0.7625%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~1.2h)
Exit target: spread compresses to the median 0.19% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 16 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 · 284 samples
Current
+0.508%
95 pct
Median
+0.182%
Average
+0.199%
P25 → P75
+0.105% … +0.304%
Range
-0.520% … +0.759%
Std dev
±0.182%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $11.0210
- Exchange Ticker
- LINKUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -151.59%
- OI
- $321.21K
- 24h Vol
- $511.15K
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $11.0770
- Exchange Ticker
- LINKUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +33.81%
- OI
- $15.52M
- 24h Vol
- $13.08M
255 long / 284 short samples · 2 days · auto-refresh every 30s