WTI · Convergence Trade
Current Spread (mark)
updated 10s ago+0.136%higher than 98% of spread values(window 1D)
long $102.8800 · short $103.0199
Entry Spread (order book)+0.068%on $10,000
long $102.8800 · short $102.9496(average execution prices, not mark)
market median $102.9300· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.29% 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 0.14% 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 | +$13.60 | -$36.40 | -$86.40 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$11.32 | −$11.32 | −$11.32 |
| Funding drag(est. 1h hold) | +$1.52 | +$1.52 | +$1.52 |
| Net potential | -$15.20 | -$65.20 | -$115.20 |
Breakeven move 0.2880%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~24mintypical time to exit(usually ~12min–~1.2h)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 6 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.136%
98 pct
Median
+0.042%
Average
+0.041%
P25 → P75
+0.017% … +0.064%
Range
-0.211% … +0.180%
Std dev
±0.047%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $102.8800
- Exchange Ticker
- CLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- -45.91%
- OI
- $55.93M
- 24h Vol
- $61.65M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $103.0199
- Exchange Ticker
- WTIOIL-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.34%
- OI
- $32.00K
- 24h Vol
- $74.69K
284 long / 284 short samples · 2 days · auto-refresh every 30s