WTI · Convergence Trade
Current Spread (mark)
updated 51s ago+0.234%higher than 37% of spread values(window 1D)
long $87.6148 · short $87.8200
Entry Spread (order book)-0.199%on $10,000thin book — size does not fully fill
long $87.6200 · short $87.4457(average execution prices, not mark)
market median $87.6120· long +0.0%· short +0.2%
Size per leg$= $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 0.23% 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 | +$23.42 | -$26.58 | -$76.58 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | +$0.35 | -$49.65 | -$99.65 |
Breakeven move 0.2307%·Tradeability: 1.0× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.26%) — 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
+0.234%
37 pct
Median
+0.262%
Average
+0.287%
P25 → P75
+0.217% … +0.366%
Range
-0.059% … +0.550%
Std dev
±0.115%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $87.6148
- Exchange Ticker
- CLUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $166.28M
- 24h Vol
- $398.10M
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 Short283 long / 283 short samples · 2 days · auto-refresh every 30s