WTI · Convergence Trade
Current Spread (mark)
updated 1m ago+0.344%higher than 81% of spread values(window 1D)
long $87.3400 · short $87.6400(long 1m / short 9s old)
Entry Spread (order book)+0.300%on $10,000
long $87.3777 · short $87.6400(average execution prices, not mark)
market median $87.6174· long -0.3%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.34% 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 | +$34.35 | -$15.65 | -$65.65 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$14.80 | −$14.80 | −$14.80 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | +$3.55 | -$46.45 | -$96.45 |
Breakeven move 0.3080%·Tradeability: 1.1× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.09% (88% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.344%
81 pct
Median
+0.057%
Average
+0.111%
P25 → P75
-0.046% … +0.309%
Range
-0.637% … +1.200%
Std dev
±0.212%
tf
LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $87.3400
- Exchange Ticker
- USOIL_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $61.26M
- 24h Vol
- $47.69M
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $87.6400
- Exchange Ticker
- CL-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $9.69M
- 24h Vol
- $574.01K
280 long / 284 short samples · 2 days · auto-refresh every 30s