SKY · Convergence Trade
Current Spread (mark)
updated 25s ago+0.058%higher than 82% of spread values(window 1D)
long $0.05667 · short $0.05670
Entry Spread (order book)-0.449%on $10,000
long $0.05687 · short $0.05661(average execution prices, not mark)
market median $0.05670· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.20% 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 0.06% 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 | +$5.82 | -$44.18 | -$94.18 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.25 | +$0.25 | +$0.25 |
| Net potential | -$13.93 | -$63.93 | -$113.93 |
Breakeven move 0.1975%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.06%) — 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
+0.058%
82 pct
Median
-0.030%
Average
-0.032%
P25 → P75
-0.089% … +0.031%
Range
-1.087% … +0.584%
Std dev
±0.145%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $0.05667
- Exchange Ticker
- SKYUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -11.29%
- OI
- $4.99M
- 24h Vol
- $938.85K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.05670
- Exchange Ticker
- SKY
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $2.31M
- 24h Vol
- $187.48K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 284 short samples · 2 days · auto-refresh every 30s