UNITREE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.018%higher than 52% of spread values(window 1D)
long $101.6879 · short $101.7062(long 4m / short 5m old)
Entry Spread (order book)-0.590%on $10,000thin book — size does not fully fill
long $101.8362 · short $101.2359(average execution prices, not mark)
market median $101.4800· long +0.2%· short +0.2%
Size per leg$= $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 1.13% 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 | +$1.80 | -$48.20 | -$98.20 |
| Round-trip fees | −$25.60 | −$25.60 | −$25.60 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$3.56 | +$3.56 | +$3.56 |
| Net potential | -$111.36 | -$161.36 | -$211.36 |
Breakeven move 1.1316%·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 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.018%
52 pct
Median
+0.015%
Average
-0.027%
P25 → P75
-0.148% … +0.079%
Range
-0.334% … +0.247%
Std dev
±0.140%
tf
LONG
Paragon(dex)
Paragon(dex)- Mark Price
- $101.6879
- Exchange Ticker
- UNITREE
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -225.54%
- OI
- $1.21M
- 24h Vol
- $78.51K
SHORT
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $101.7062
- Exchange Ticker
- UNITREEUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +86.65%
- OI
- $175.57K
- 24h Vol
- $1.14M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short238 long / 245 short samples · 2 days · auto-refresh every 30s