MELANIA · Convergence Trade
Current Spread
updated 0s ago+0.087%higher than 82% of spread values(window 1D)
long $0.08027 · short $0.08034(long 5m / short 14s old)
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$8.72 | -$41.28 | -$91.28 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$14.30 | -$64.30 | -$114.30 |
Breakeven move 0.2302%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 208 samples
Current
+0.087%
82 pct
Median
-0.049%
Average
-0.151%
P25 → P75
-0.186% … +0.050%
Range
-2.732% … +1.124%
Std dev
±0.555%
Size$
chart range
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LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $0.08027
- Exchange Ticker
- MELANIAUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(4h)
- +10.95%
- OI
- $658.38K
- 24h Vol
- $198.16K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $0.08034
- Exchange Ticker
- MELANIA-USDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- +9.23%
- OI
- $155.60K
- 24h Vol
- $57.54
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short199 long / 87 short samples · 2 days · auto-refresh every 30s