NEAR · Convergence Trade
Current Spread (mark)
updated 20s ago+1.280%higher than 93% of spread values(window 1D)
long $4.9526 · short $5.0160
Entry Spread (order book)-0.167%on $10,000
long $5.0139 · short $5.0055(average execution prices, not mark)
market median $5.0146· long -1.2%· short +0.0%
Size per leg$= $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 1.28% 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 | +$128.01 | +$78.01 | +$28.01 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.35 | +$0.35 | +$0.35 |
| Net potential | +$89.90 | +$39.90 | -$10.10 |
Breakeven move 0.3811%·Tradeability: 3.4× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
~30mintypical time to exit(usually ~18min–~42min)
Exit target: spread compresses to the median 0.50% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 10 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
+1.280%
93 pct
Median
-0.014%
Average
-0.006%
P25 → P75
-0.566% … +0.434%
Range
-2.414% … +4.158%
Std dev
±1.067%
tf
LONG
Phoenix(dex)
Phoenix(dex)- Mark Price
- $4.9526
- Exchange Ticker
- NEAR
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -20.00%
- OI
- $1.79M
SHORT
ApeX(dex)
ApeX(dex)- Mark Price
- $5.0160
- Exchange Ticker
- NEAR-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $67.04K
- 24h Vol
- $872.25K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 1 day · auto-refresh every 30s