QNT · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.052%higher than 70% of spread values(window 1D)
long $157.5977 · short $157.6800(long 4m / short 1m old)
Entry Spread (order book)-0.047%on $10,000
long $157.4132 · short $157.3396(average execution prices, not mark)
market median $157.5600· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.20% 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 0.05% 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 | +$5.22 | -$44.78 | -$94.78 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | -$14.66 | -$64.66 | -$114.66 |
Breakeven move 0.1988%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 277 samples
Current
+0.052%
70 pct
Median
-0.006%
Average
-0.021%
P25 → P75
-0.124% … +0.074%
Range
-0.795% … +1.004%
Std dev
±0.199%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $157.5977
- Exchange Ticker
- QNTUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +0.34%
- OI
- $15.96M
- 24h Vol
- $45.33M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $157.6800
- Exchange Ticker
- QNT-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +10.85%
- OI
- $1.47M
- 24h Vol
- $4.05M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 251 short samples · 2 days · auto-refresh every 30s