LINK · Convergence Trade
Current Spread (mark)
updated 48s ago+0.022%higher than 68% of spread values(window 1D)
long $9.5849 · short $9.5870
Entry Spread (order book)+0.172%on $10,000
long $9.5853 · short $9.6018(average execution prices, not mark)
market median $9.5847· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.25% 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 0.02% 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 | +$2.19 | -$47.81 | -$97.81 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$6.08 | −$6.08 | −$6.08 |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | -$22.82 | -$72.82 | -$122.82 |
Breakeven move 0.2501%·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 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.022%
68 pct
Median
+0.004%
Average
+0.000%
P25 → P75
-0.028% … +0.035%
Range
-0.664% … +0.289%
Std dev
±0.080%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $9.5849
- Exchange Ticker
- LINK
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -2.65%
- OI
- $40.05M
- 24h Vol
- $6.31M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $9.5870
- Exchange Ticker
- LINK_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +3.65%
- OI
- $1.11M
- 24h Vol
- $1.24M
284 long / 282 short samples · 2 days · auto-refresh every 30s