M · Convergence Trade
Current Spread
updated 0s ago+0.062%higher than 70% of spread values(window 1D)
long $1.2474 · short $1.2482(long 5m / short 5s old)
market median $1.2479· long -0.0%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.06% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$6.17 | -$43.83 | -$93.83 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.74 | +$1.74 | +$1.74 |
| Net potential | -$2.09 | -$52.09 | -$102.09 |
Breakeven move 0.0826%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.062%
70 pct
Median
-0.012%
Average
-0.022%
P25 → P75
-0.122% … +0.078%
Range
-0.946% … +1.042%
Std dev
±0.232%
Size$
chart range
Loading Mark Prices…
Loading Price Spread…
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $1.2474
- Exchange Ticker
- M_USDT
- Taker / Maker
- 5 / 2 bps
- Funding APR(8h)
- +10.95%
- OI
- $1.13M
- 24h Vol
- $864.26K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $1.2482
- Exchange Ticker
- M
- Taker / Maker
- 0 / 0 bps
- Funding APR(4h)
- +162.98%
- OI
- $50.68K
- 24h Vol
- $18.70K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short211 long / 263 short samples · 2 days · auto-refresh every 30s