WLD · Convergence Trade
Current Spread (mark)
updated 1m ago+0.045%higher than 59% of spread values(window 1D)
long $0.3974 · short $0.3976(long 40s / short 1m old)
Entry Spread (order book)-0.752%on $10,000
long $0.3974 · short $0.3944(average execution prices, not mark)
market median $0.3977· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.19% 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 0.05% 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 | +$4.53 | -$45.47 | -$95.47 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.45 | +$1.45 | +$1.45 |
| Net potential | -$14.02 | -$64.02 | -$114.02 |
Breakeven move 0.1855%·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 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.045%
59 pct
Median
+0.035%
Average
+0.027%
P25 → P75
-0.006% … +0.066%
Range
-0.421% … +0.457%
Std dev
±0.094%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.3974
- Exchange Ticker
- WLD_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -49.73%
- OI
- $86.42K
- 24h Vol
- $2.11M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $0.3976
- Exchange Ticker
- WLDUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +77.72%
- OI
- $28.94K
- 24h Vol
- $4.77K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 283 short samples · 2 days · auto-refresh every 30s