Q · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.118%higher than 53% of spread values(window 1D)
long $0.02716 · short $0.02719(long 5m / short 5m old)
Entry Spread (order book)-0.179%on $10,000
long $0.02719 · short $0.02714(average execution prices, not mark)
market median $0.02719· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.67% 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 0.12% 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 | +$11.78 | -$38.22 | -$88.22 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.50 | +$0.50 | +$0.50 |
| Net potential | -$55.20 | -$105.20 | -$155.20 |
Breakeven move 0.6698%·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 0.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.118%
53 pct
Median
+0.094%
Average
+0.090%
P25 → P75
-0.075% … +0.250%
Range
-1.386% … +2.041%
Std dev
±0.372%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.02716
- Exchange Ticker
- QUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $2.30M
- 24h Vol
- $1.62M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $0.02719
- Exchange Ticker
- Q-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +54.79%
- OI
- $1.27M
- 24h Vol
- $3.10M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short253 long / 255 short samples · 2 days · auto-refresh every 30s