WTI · Convergence Trade
Current Spread (mark)
updated 1m ago+0.026%higher than 79% of spread values(window 1D)
long $103.3624 · short $103.3889(long 1m / short 1m old)
Entry Spread (order book)-0.075%on $10,000
long $103.4014 · short $103.3242(average execution prices, not mark)
market median $103.3800· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.30% 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 0.03% 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 | +$2.57 | -$47.43 | -$97.43 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$13.32 | −$13.32 | −$13.32 |
| Funding drag(est. 1h hold) | +$1.07 | +$1.07 | +$1.07 |
| Net potential | -$27.68 | -$77.68 | -$127.68 |
Breakeven move 0.3025%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — 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
+0.026%
79 pct
Median
-0.001%
Average
-0.001%
P25 → P75
-0.031% … +0.020%
Range
-0.155% … +0.436%
Std dev
±0.059%
tf
LONG
grvt(dex)
grvt(dex)- Mark Price
- $103.3624
- Exchange Ticker
- CL_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(4h)
- -93.80%
- OI
- $161.24K
- 24h Vol
- $558.94K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $103.3889
- Exchange Ticker
- WTIOIL-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $28.95K
- 24h Vol
- $173.80K
270 long / 284 short samples · 2 days · auto-refresh every 30s