SIREN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.075%higher than 17% of spread values(window 1D)
long $0.02656 · short $0.02658(long 1m / short 5m old)
Entry Spread (order book)-0.197%on $10,000
long $0.02661 · short $0.02656(average execution prices, not mark)
market median $0.02656· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.68% 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 0.08% 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 | +$7.53 | -$42.47 | -$92.47 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$60.94 | -$110.94 | -$160.94 |
Breakeven move 0.6847%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.22%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Current
+0.075%
17 pct
Median
+0.223%
Average
+0.208%
P25 → P75
+0.148% … +0.300%
Range
-0.571% … +0.669%
Std dev
±0.166%
tf
LONG
BingX(cex)
BingX(cex)- Mark Price
- $0.02656
- Exchange Ticker
- SIREN-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $593.54K
- 24h Vol
- $697.05K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $0.02658
- Exchange Ticker
- SIRENUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $2.80M
- 24h Vol
- $477.78K
250 long / 254 short samples · 2 days · auto-refresh every 30s