SKHY · Convergence Trade
Current Spread (mark)
updated 34s ago+0.021%higher than 77% of spread values(window 1D)
long $130.3732 · short $130.4000
Entry Spread (order book)-0.305%on $10,000
long $130.5096 · short $130.1109(average execution prices, not mark)
market median $130.4699· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.38% 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 0.02% 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 | +$2.06 | -$47.94 | -$97.94 |
| Round-trip fees | −$13.60 | −$13.60 | −$13.60 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.09 | +$1.09 | +$1.09 |
| Net potential | -$35.45 | -$85.45 | -$135.45 |
Breakeven move 0.3751%·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 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.021%
77 pct
Median
-0.004%
Average
-0.002%
P25 → P75
-0.026% … +0.018%
Range
-0.286% … +0.290%
Std dev
±0.057%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $130.3732
- Exchange Ticker
- SKHYUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- -84.55%
- OI
- $407.95K
- 24h Vol
- $200.77K
SHORT
WOOFi Pro(dex)
WOOFi Pro(dex)- Mark Price
- $130.4000
- Exchange Ticker
- PERP_SKHY_USDC_mythos
- Taker / Maker
- 0.03% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $2.55K
- 24h Vol
- $3.51K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 284 short samples · 2 days · auto-refresh every 30s