WTI · Convergence Trade
Current Spread (mark)
updated 1m ago+0.291%higher than 54% of spread values(window 1D)
long $87.6050 · short $87.8600(long 1m / short 51s old)
Entry Spread (order book)-0.166%on $10,000thin book — size does not fully fill
long $87.6666 · short $87.5210(average execution prices, not mark)
market median $87.6360· long -0.0%· short +0.3%
Size per leg$= $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 0.29% 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 | +$29.11 | -$20.89 | -$70.89 |
| 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 | +$0.72 | -$49.28 | -$99.28 |
Breakeven move 0.2839%·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 0.28%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.291%
54 pct
Median
+0.279%
Average
+0.308%
P25 → P75
+0.245% … +0.382%
Range
+0.017% … +0.589%
Std dev
±0.116%
tf
LONG
HTX(cex)
HTX(cex)- Mark Price
- $87.6050
- Exchange Ticker
- USOIL-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $632.81K
- 24h Vol
- $1.90M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8600
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +6.26%
- OI
- $940.68K
- 24h Vol
- $86.60K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 285 short samples · 2 days · auto-refresh every 30s