WTI · Convergence Trade
Current Spread (mark)
updated 45s ago+0.128%higher than 25% of spread values(window 1D)
long $87.7081 · short $87.8200
Entry Spread (order book)-0.319%on $10,000thin book — size does not fully fill
long $87.7254 · short $87.4457(average execution prices, not mark)
market median $87.6120· long +0.1%· short +0.2%
Size per leg$= $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 0.24% 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 | +$12.76 | -$37.24 | -$87.24 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | -$11.58 | -$61.58 | -$111.58 |
Breakeven move 0.2434%·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 0.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.128%
25 pct
Median
+0.192%
Average
+0.197%
P25 → P75
+0.128% … +0.269%
Range
-0.090% … +0.437%
Std dev
±0.108%
tf
LONG
Aster(dex)
Aster(dex)- Mark Price
- $87.7081
- Exchange Ticker
- CLUSD1
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $19.39M
- 24h Vol
- $13.74M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8200
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +5.79%
- OI
- $942.24K
- 24h Vol
- $87.39K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 283 short samples · 2 days · auto-refresh every 30s