WTI · Convergence Trade
Current Spread (mark)
updated 1m ago+0.045%higher than 85% of spread values(window 1D)
long $87.6050 · short $87.6443(long 1m / short 38s old)
Entry Spread (order book)-0.019%on $10,000
long $87.6366 · short $87.6200(average execution prices, not mark)
market median $87.6370· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.28% 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 0.04% 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 | +$4.48 | -$45.52 | -$95.52 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$7.60 | −$7.60 | −$7.60 |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$23.11 | -$73.11 | -$123.11 |
Breakeven move 0.2759%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 46 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 · 285 samples
Current
+0.045%
85 pct
Median
+0.026%
Average
+0.024%
P25 → P75
+0.006% … +0.040%
Range
-0.069% … +0.353%
Std dev
±0.030%
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
Pionex(cex)
Pionex(cex)- Mark Price
- $87.6443
- Exchange Ticker
- WTI_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.66%
- OI
- $2.52M
- 24h Vol
- $1.90M
285 long / 283 short samples · 2 days · auto-refresh every 30s