SIREN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.151%higher than 43% of spread values(window 1D)
long $0.02649 · short $0.02653(long 5m / short 1m old)
Entry Spread (order book)-0.344%on $10,000
long $0.02660 · short $0.02651(average execution prices, not mark)
market median $0.02652· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.71% 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 | +$15.10 | -$34.90 | -$84.90 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$56.10 | -$106.10 | -$156.10 |
Breakeven move 0.7120%·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 0.19%) — 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
+0.151%
43 pct
Median
+0.186%
Average
+0.176%
P25 → P75
+0.111% … +0.264%
Range
-0.902% … +1.293%
Std dev
±0.199%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.02649
- Exchange Ticker
- SIRENUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $785.64K
- 24h Vol
- $383.56K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $0.02653
- Exchange Ticker
- SIRENUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $2.80M
- 24h Vol
- $479.31K
251 long / 256 short samples · 2 days · auto-refresh every 30s