WTI · Convergence Trade
Current Spread (mark)
updated 51s ago+0.235%higher than 36% of spread values(window 1D)
long $87.6140 · short $87.8200
Entry Spread (order book)-0.204%on $10,000thin book — size does not fully fill
long $87.6241 · 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
This spread does not cover its own costs
The spread is 0.24%, but entry and exit cost 0.25% 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 0.24% 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 | +$23.51 | -$26.49 | -$76.49 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | -$1.80 | -$51.80 | -$101.80 |
Breakeven move 0.2531%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.26%) — 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
+0.235%
36 pct
Median
+0.263%
Average
+0.291%
P25 → P75
+0.220% … +0.366%
Range
+0.001% … +0.571%
Std dev
±0.115%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $87.6140
- Exchange Ticker
- CLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $30.08M
- 24h Vol
- $37.43M
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