SIREN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.132%higher than 39% of spread values(window 1D)
long $0.02653 · short $0.02657(long 4m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.02656· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.21% 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 0.13% 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 | +$13.19 | -$36.81 | -$86.81 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$7.93 | -$57.93 | -$107.93 |
Breakeven move 0.2112%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.17%) — 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
+0.132%
39 pct
Median
+0.156%
Average
+0.164%
P25 → P75
+0.075% … +0.258%
Range
-0.710% … +1.597%
Std dev
±0.205%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.02653
- Exchange Ticker
- SIRENUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $6.64M
- 24h Vol
- $2.66M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.02657
- Exchange Ticker
- SIRENUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +88.32%
- OI
- $600.83K
- 24h Vol
- $270.77K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 258 short samples · 2 days · auto-refresh every 30s