LINK · Convergence Trade
Current Spread (mark)
updated 51s ago+0.088%higher than 44% of spread values(window 1D)
long $9.6175 · short $9.6260
Entry Spread (order book)+0.083%on $10,000
long $9.6191 · short $9.6270(average execution prices, not mark)
market median $9.6180· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.27% 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 0.09% 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 | +$8.84 | -$41.16 | -$91.16 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$5.93 | −$5.93 | −$5.93 |
| Funding drag(est. 1h hold) | +$0.21 | +$0.21 | +$0.21 |
| Net potential | -$17.88 | -$67.88 | -$117.88 |
Breakeven move 0.2672%·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 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.088%
44 pct
Median
+0.092%
Average
+0.090%
P25 → P75
+0.068% … +0.114%
Range
-0.172% … +0.264%
Std dev
±0.046%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $9.6175
- Exchange Ticker
- LINK
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -7.52%
- OI
- $40.20M
- 24h Vol
- $6.41M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $9.6260
- Exchange Ticker
- LINKUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +10.96%
- OI
- $15.67M
- 24h Vol
- $10.72M
283 long / 283 short samples · 2 days · auto-refresh every 30s