WTI · Convergence Trade
Current Spread (mark)
updated 50s ago+0.319%higher than 33% of spread values(window 1D)
long $87.5410 · short $87.8200
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $87.6120· long -0.1%· short +0.2%
Size per leg$= $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 0.32% 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 | +$31.87 | -$18.13 | -$68.13 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.03 | +$0.03 | +$0.03 |
| Net potential | +$18.54 | -$31.46 | -$81.46 |
Breakeven move 0.1333%·Tradeability: 2.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.35%) — 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
+0.319%
33 pct
Median
+0.354%
Average
+0.385%
P25 → P75
+0.309% … +0.462%
Range
+0.089% … +0.654%
Std dev
±0.116%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $87.5410
- Exchange Ticker
- WTI-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.51M
- 24h Vol
- $7.54M
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