STABLE · Convergence Trade
Current Spread
updated 0s ago+0.794%higher than 95% of spread values(window 1D)
long $0.03603 · short $0.03632(long 6m / short 5m old)
market median $0.03621· long -0.5%· short +0.3%
Profit Calculator
Three scenarios: the current spread 0.79% 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 | +$79.38 | +$29.38 | -$20.62 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.37 | +$1.37 | +$1.37 |
| Net potential | +$60.75 | +$10.75 | -$39.25 |
Breakeven move 0.1863%·Tradeability: 4.3× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~30min)
Exit target: spread compresses to the median 0.35% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 18 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 261 samples
Current
+0.794%
95 pct
Median
+0.346%
Average
+0.370%
P25 → P75
+0.209% … +0.489%
Range
-2.205% … +4.735%
Std dev
±0.504%
Size$
chart range
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LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.03603
- Exchange Ticker
- STABLE_USDT
- Taker / Maker
- 5 / 2 bps
- Funding APR(4h)
- +10.95%
- OI
- $342.77K
- 24h Vol
- $626.84K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $0.03632
- Exchange Ticker
- STABLE_USDC_PERP
- Taker / Maker
- 5 / 2 bps
- Funding APR(1h)
- +130.61%
- OI
- $58.81K
- 24h Vol
- $35.80K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short182 long / 216 short samples · 2 days · auto-refresh every 30s