W · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.990%higher than 100% of spread values(window 1D)
long $0.009399 · short $0.009492(long 3m / short 4m old)
Entry Spread (order book)-0.742%on $10,000thin book — size does not fully fill
long $0.009495 · short $0.009424(average execution prices, not mark)
market median $0.009444· long -0.5%· short +0.5%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.99% 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 | +$98.95 | +$48.95 | -$1.05 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | +$73.98 | +$23.98 | -$26.02 |
Breakeven move 0.2497%·Tradeability: 4.0× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
Not enough comparable episodes in the 1D history to estimate timing — pick a larger window (7D / 30D) where the spread has been this wide before.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.990%
100 pct
Median
-0.020%
Average
-0.030%
P25 → P75
-0.130% … +0.082%
Range
-0.826% … +0.692%
Std dev
±0.226%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.009399
- Exchange Ticker
- W_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -8.99%
- OI
- $530.87K
- 24h Vol
- $305.58K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
OKX(cex)
OKX(cex)- Mark Price
- $0.009492
- Exchange Ticker
- W-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -6.09%
- OI
- $1.33M
- 24h Vol
- $5.17M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short253 long / 257 short samples · 2 days · auto-refresh every 30s