LINK · Convergence Trade
Current Spread (mark)
updated 1m ago+0.193%higher than 90% of spread values(window 1D)
long $9.5994 · short $9.6180(long 36s / short 1m old)
Entry Spread (order book)+0.067%on $10,000
long $9.6025 · short $9.6090(average execution prices, not mark)
market median $9.6130· long -0.1%· short +0.1%
Size per leg$= $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 0.19% 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 | +$19.33 | -$30.67 | -$80.67 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.09 | +$0.09 | +$0.09 |
| Net potential | +$8.04 | -$41.96 | -$91.96 |
Breakeven move 0.1129%·Tradeability: 1.7× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 40 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 · 282 samples
Current
+0.193%
90 pct
Median
+0.088%
Average
+0.093%
P25 → P75
+0.054% … +0.136%
Range
-0.664% … +0.477%
Std dev
±0.099%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $9.5994
- Exchange Ticker
- LINK
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- -3.47%
- OI
- $1.84M
- 24h Vol
- $148.78K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $9.6180
- Exchange Ticker
- LINK_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +4.23%
- OI
- $1.11M
- 24h Vol
- $1.24M
282 long / 280 short samples · 2 days · auto-refresh every 30s