SPELL · Convergence Trade
Current Spread (mark)
updated 0s ago+0.000%higher than 59% of spread values(window 1D)
long $0.00007600 · short $0.00007600(long 12m / short 7m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.00007600· long +0.0%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.00% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$0.00 | -$50.00 | -$100.00 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.06 | +$0.06 | +$0.06 |
| Net potential | -$37.11 | -$87.11 | -$137.11 |
Breakeven move 0.3711%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 268 samples
Current
+0.000%
59 pct
Median
+0.000%
Average
+0.019%
P25 → P75
-0.131% … +0.132%
Range
-0.655% … +1.326%
Std dev
±0.225%
Size$
chart range
Loading Mark Prices…
Loading Price Spread…
Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Toobit(cex)
Toobit(cex)- Mark Price
- $0.00007600
- Exchange Ticker
- SPELL-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +5.31%
- OI
- $57.54K
- 24h Vol
- $381.98K
SHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $0.00007600
- Exchange Ticker
- SPELLUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +10.95%
- OI
- $515.55K
- 24h Vol
- $9.87K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short262 long / 77 short samples · 2 days · auto-refresh every 30s