NIL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.031%higher than 75% of spread values(window 1D)
long $0.05209 · short $0.05211(long 56s / short 1m old)
Entry Spread (order book)-0.398%on $10,000
long $0.05214 · short $0.05193(average execution prices, not mark)
market median $0.05215· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.13% 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 0.03% 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 | +$3.07 | -$46.93 | -$96.93 |
| Round-trip fees | −$13.00 | −$13.00 | −$13.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$9.93 | -$59.93 | -$109.93 |
Breakeven move 0.1300%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.031%
75 pct
Median
-0.051%
Average
-0.043%
P25 → P75
-0.121% … +0.032%
Range
-1.105% … +0.899%
Std dev
±0.188%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.05209
- Exchange Ticker
- NIL
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $1.60M
- 24h Vol
- $168.23K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $0.05211
- Exchange Ticker
- NIL_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $4.60M
- 24h Vol
- $624.27K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 253 short samples · 2 days · auto-refresh every 30s