S · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old+0.151%higher than 78% of spread values(window 1D)
long $0.05709 · short $0.05718(long 6m / short 39s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.05717· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, 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 0.15% 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 | +$15.14 | -$34.86 | -$84.86 |
| 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 | -$4.98 | -$54.98 | -$104.98 |
Breakeven move 0.2012%·Tradeability: 0.8× 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 · 245 samples
Current
+0.151%
78 pct
Median
-0.103%
Average
-0.073%
P25 → P75
-0.251% … +0.097%
Range
-1.269% … +0.989%
Std dev
±0.361%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.05709
- Exchange Ticker
- S-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -12.91%
- OI
- $2.68M
- 24h Vol
- $10.29M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.05718
- Exchange Ticker
- SUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -23.30%
- OI
- $9.98M
- 24h Vol
- $29.90M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short186 long / 180 short samples · 2 days · auto-refresh every 30s