Q · Convergence Trade
Current Spread (mark)
updated 8s ago+0.074%higher than 28% of spread values(window 1D)
long $0.02715 · short $0.02718
Entry Spread (order book)-0.720%on $10,000
long $0.02738 · short $0.02718(average execution prices, not mark)
market median $0.02719· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 2.09% 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 0.07% 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 | +$7.37 | -$42.63 | -$92.63 |
| Round-trip fees | −$26.00 | −$26.00 | −$26.00 |
| Slippage(orderbook) | −$183.64 | −$183.64 | −$183.64 |
| Funding drag(est. 1h hold) | +$0.26 | +$0.26 | +$0.26 |
| Net potential | -$202.01 | -$252.01 | -$302.01 |
Breakeven move 2.0938%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.21%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.074%
28 pct
Median
+0.176%
Average
+0.169%
P25 → P75
+0.065% … +0.290%
Range
-1.415% … +1.591%
Std dev
±0.356%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.02715
- Exchange Ticker
- Q_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -12.05%
- OI
- $834.00K
- 24h Vol
- $2.29M
SHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.02718
- Exchange Ticker
- QUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $3.14M
- 24h Vol
- $5.71M
256 long / 255 short samples · 2 days · auto-refresh every 30s