Q · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.033%higher than 35% of spread values(window 1D)
long $0.02711 · short $0.02712(long 3m / short 5m old)
Entry Spread (order book)-0.511%on $10,000
long $0.02738 · short $0.02724(average execution prices, not mark)
market median $0.02716· long -0.2%· short -0.1%
Size per leg$= $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 0.19% 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 | +$3.32 | -$46.68 | -$96.68 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.24 | +$0.24 | +$0.24 |
| Net potential | -$15.44 | -$65.44 | -$115.44 |
Breakeven move 0.1876%·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 0.18%) — 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
+0.033%
35 pct
Median
+0.112%
Average
+0.138%
P25 → P75
-0.032% … +0.257%
Range
-1.103% … +1.433%
Std dev
±0.358%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.02711
- Exchange Ticker
- Q_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -10.08%
- OI
- $832.74K
- 24h Vol
- $2.42M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $0.02712
- Exchange Ticker
- Q_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $1.53M
- 24h Vol
- $1.34M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 253 short samples · 2 days · auto-refresh every 30s