USELESS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.134%higher than 64% of spread values(window 1D)
long $0.1119 · short $0.1120(long 2m / short 13s old)
Entry Spread (order book)-0.160%on $10,000
long $0.1120 · short $0.1118(average execution prices, not mark)
market median $0.1120· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.25% 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 0.13% 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 | +$13.41 | -$36.59 | -$86.59 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.10 | +$0.10 | +$0.10 |
| Net potential | -$11.49 | -$61.49 | -$111.49 |
Breakeven move 0.2490%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 276 samples
Current
+0.134%
64 pct
Median
+0.074%
Average
+0.085%
P25 → P75
-0.060% … +0.218%
Range
-1.256% … +1.172%
Std dev
±0.299%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.1119
- Exchange Ticker
- USELESS_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +1.97%
- OI
- $8.00M
- 24h Vol
- $2.06M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.1120
- Exchange Ticker
- USELESS-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $777.73K
- 24h Vol
- $1.06M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short254 long / 250 short samples · 2 days · auto-refresh every 30s