MU · Convergence Trade
Current Spread (mark)
updated 1m ago+0.085%higher than 60% of spread values(window 1D)
long $767.6755 · short $768.3300(long 1m / short 37s old)
Entry Spread (order book)-0.037%on $10,000
long $767.8210 · short $767.5403(average execution prices, not mark)
market median $768.2300· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.34% 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 0.09% 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 | +$8.53 | -$41.47 | -$91.47 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(orderbook) | −$22.19 | −$22.19 | −$22.19 |
| Funding drag(est. 1h hold) | +$0.13 | +$0.13 | +$0.13 |
| Net potential | -$25.53 | -$75.53 | -$125.53 |
Breakeven move 0.3406%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 65 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 · 284 samples
Current
+0.085%
60 pct
Median
+0.075%
Average
+0.075%
P25 → P75
+0.043% … +0.104%
Range
-0.308% … +0.693%
Std dev
±0.094%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $767.6755
- Exchange Ticker
- MU
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $2.68M
- 24h Vol
- $2.06M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $768.3300
- Exchange Ticker
- MUXUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +10.96%
- OI
- $1.62M
- 24h Vol
- $1.39M
284 long / 284 short samples · 2 days · auto-refresh every 30s