WTI · Convergence Trade
Current Spread (mark)
updated 53s ago+0.312%higher than 42% of spread values(window 1D)
long $87.5870 · short $87.8600
Entry Spread (order book)-0.104%on $10,000thin book — size does not fully fill
long $87.6317 · short $87.5404(average execution prices, not mark)
market median $87.6450· long -0.1%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.31%, but entry and exit cost 0.32% 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 0.31% 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 | +$31.17 | -$18.83 | -$68.83 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$1.10 | -$51.10 | -$101.10 |
Breakeven move 0.3227%·Tradeability: 1.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.33%) — 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
+0.312%
42 pct
Median
+0.326%
Average
+0.352%
P25 → P75
+0.281% … +0.420%
Range
+0.078% … +0.633%
Std dev
±0.111%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $87.5870
- Exchange Ticker
- CLUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +5.01%
- OI
- $896.52K
- 24h Vol
- $1.12M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8600
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +5.61%
- OI
- $940.64K
- 24h Vol
- $86.27K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 284 short samples · 2 days · auto-refresh every 30s