LINK · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.098%higher than 79% of spread values(window 1D)
long $9.6026 · short $9.6120(long 1m / short 44s old)
Entry Spread (order book)-0.008%on $10,000
long $9.6068 · short $9.6060(average execution prices, not mark)
market median $9.6075· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.33% 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 0.10% 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 | +$9.79 | -$40.21 | -$90.21 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$13.25 | −$13.25 | −$13.25 |
| Funding drag(est. 1h hold) | +$0.28 | +$0.28 | +$0.28 |
| Net potential | -$23.18 | -$73.18 | -$123.18 |
Breakeven move 0.3297%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 52 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 · 283 samples
Current
+0.098%
79 pct
Median
+0.059%
Average
+0.052%
P25 → P75
+0.023% … +0.090%
Range
-0.768% … +0.283%
Std dev
±0.081%
tf
LONG
HTX(cex)
HTX(cex)- Mark Price
- $9.6026
- Exchange Ticker
- LINK-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -20.38%
- OI
- $496.74K
- 24h Vol
- $552.07K
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $9.6120
- Exchange Ticker
- LINK_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +3.72%
- OI
- $1.11M
- 24h Vol
- $1.24M
283 long / 283 short samples · 2 days · auto-refresh every 30s