SKHY · Convergence Trade
Current Spread (mark)
updated 20s ago+0.073%higher than 34% of spread values(window 1D)
long $130.4652 · short $130.5600
Entry Spread (order book)-0.044%on $10,000
long $130.6279 · short $130.5700(average execution prices, not mark)
market median $130.5670· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, 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 0.07% 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 | +$7.26 | -$42.74 | -$92.74 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.51 | +$0.51 | +$0.51 |
| Net potential | -$30.81 | -$80.81 | -$130.81 |
Breakeven move 0.3807%·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 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.073%
34 pct
Median
+0.081%
Average
+0.078%
P25 → P75
+0.060% … +0.098%
Range
-0.452% … +0.412%
Std dev
±0.069%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $130.4652
- Exchange Ticker
- SKHYUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- -39.32%
- OI
- $408.24K
- 24h Vol
- $201.75K
SHORT
PopDEX(dex)
PopDEX(dex)- Mark Price
- $130.5600
- Exchange Ticker
- SKHYUSDT
- Taker / Maker
- 0.032% / 0.01%
- Funding APR(1h)
- +5.52%
- OI
- $109.46K
- 24h Vol
- $714.45K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s