NEO · Convergence Trade
Current Spread
updated 0s ago+0.098%higher than 86% of spread values(window 1D)
long $2.0410 · short $2.0430(long 4m / short 15m old)
market median $2.0420· long -0.0%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.10% 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 | +$9.80 | -$40.20 | -$90.20 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.13 | +$0.13 | +$0.13 |
| Net potential | -$13.07 | -$63.07 | -$113.07 |
Breakeven move 0.2287%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.05% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 54 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 244 samples
Current
+0.098%
86 pct
Median
+0.000%
Average
-0.030%
P25 → P75
-0.098% … +0.049%
Range
-0.875% … +0.301%
Std dev
±0.129%
Size$
chart range
Loading Mark Prices…
Loading Price Spread…
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $2.0410
- Exchange Ticker
- NEOUSDT
- Taker / Maker
- 5.5 / 2 bps
- Funding APR(8h)
- -11.52%
- OI
- $1.38M
- 24h Vol
- $650.29K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $2.0430
- Exchange Ticker
- NEO-SWAP-USDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- +0.24%
- OI
- $58.59K
- 24h Vol
- $540.24K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short218 long / 159 short samples · 2 days · auto-refresh every 30s