WDC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.100%higher than 47% of spread values(window 1D)
long $290.1040 · short $290.3950(long 3m / short 3m old)
Entry Spread (order book)-0.757%on $10,000
long $292.4328 · short $290.2181(average execution prices, not mark)
market median $290.3200· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 1.75% 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 0.10% 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 | +$10.03 | -$39.97 | -$89.97 |
| Round-trip fees | −$17.60 | −$17.60 | −$17.60 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.64 | −$0.64 | −$0.64 |
| Net potential | -$164.50 | -$214.50 | -$264.50 |
Breakeven move 1.7453%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.100%
47 pct
Median
+0.104%
Average
+0.104%
P25 → P75
+0.065% … +0.144%
Range
-0.837% … +1.426%
Std dev
±0.200%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $290.1040
- Exchange Ticker
- WDCUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +66.69%
- OI
- $34.35K
- 24h Vol
- $144.68K
SHORT
HTX(cex)
HTX(cex)- Mark Price
- $290.3950
- Exchange Ticker
- WDC-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +10.96%
- OI
- $16.21K
- 24h Vol
- $7.50K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short242 long / 255 short samples · 2 days · auto-refresh every 30s