NEAR · Convergence Trade
Current Spread (mark)
updated 41s ago+0.132%higher than 92% of spread values(window 1D)
long $4.4310 · short $4.4369
Entry Spread (order book)-0.155%on $10,000
long $4.4365 · short $4.4296(average execution prices, not mark)
market median $4.4330· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.45% 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 0.13% 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 | +$13.23 | -$36.77 | -$86.77 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$26.11 | −$26.11 | −$26.11 |
| Funding drag(est. 1h hold) | +$1.39 | +$1.39 | +$1.39 |
| Net potential | -$31.49 | -$81.49 | -$131.49 |
Breakeven move 0.4472%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 46 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 · 283 samples
Current
+0.132%
92 pct
Median
-0.004%
Average
-0.007%
P25 → P75
-0.062% … +0.052%
Range
-0.700% … +0.368%
Std dev
±0.104%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $4.4310
- Exchange Ticker
- NEARUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -34.13%
- OI
- $3.56M
- 24h Vol
- $8.21M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $4.4369
- Exchange Ticker
- NEAR-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $57.46K
- 24h Vol
- $242.28K
283 long / 283 short samples · 2 days · auto-refresh every 30s