LINK · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 11m old+0.359%higher than 68% of spread values(window 1D)
long $11.5493 · short $11.5907(long 6s / short 11m old)
Entry Spread (order book)+0.096%on $10,000
long $11.5529 · short $11.5639(average execution prices, not mark)
market median $11.5620· long -0.1%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.36% 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 | +$35.89 | -$14.11 | -$64.11 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.41 | +$0.41 | +$0.41 |
| Net potential | +$29.30 | -$20.70 | -$70.70 |
Breakeven move 0.0659%·Tradeability: 5.4× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.43%) — 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
+0.359%
68 pct
Median
+0.109%
Average
+0.056%
P25 → P75
-0.367% … +0.534%
Range
-2.172% … +1.593%
Std dev
±0.628%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $11.5493
- Exchange Ticker
- LINK
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- -10.25%
- OI
- $2.19M
- 24h Vol
- $1.12M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phoenix(dex)
Phoenix(dex)- Mark Price
- $11.5907
- Exchange Ticker
- LINK
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +25.71%
- OI
- $15.31K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 170 short samples · 2 days · auto-refresh every 30s