VELVET · Convergence Trade
Current Spread (mark)
updated 0s ago+0.184%higher than 67% of spread values(window 1D)
long $1.0342 · short $1.0361(long 2m / short 2m old)
Entry Spread (order book)-0.459%on $10,000
long $1.0397 · short $1.0349(average execution prices, not mark)
market median $1.0364· long -0.2%· short -0.0%
Profit Calculator
Three scenarios: the current spread 0.18% 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 | +$18.37 | -$31.63 | -$81.63 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$97.06 | −$97.06 | −$97.06 |
| Funding drag(est. 1h hold) | +$0.05 | +$0.05 | +$0.05 |
| Net potential | -$96.64 | -$146.64 | -$196.64 |
Breakeven move 1.1501%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.25%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 239 samples
Current
+0.184%
67 pct
Median
+0.052%
Average
+0.078%
P25 → P75
-0.228% … +0.302%
Range
-4.967% … +4.715%
Std dev
±0.930%
Size$
chart range
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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
BingX(cex)
BingX(cex)- Mark Price
- $1.0342
- Exchange Ticker
- VELVET-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +121.76%
- OI
- $7.34M
- 24h Vol
- $8.64M
SHORT
Aster(dex)
Aster(dex)- Mark Price
- $1.0361
- Exchange Ticker
- VELVETUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +126.31%
- OI
- $1.31M
- 24h Vol
- $1.44M
209 long / 215 short samples · 2 days · auto-refresh every 30s