WTI · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.321%higher than 88% of spread values(window 1D)
long $87.3100 · short $87.5900(long 2m / short 50s old)
Entry Spread (order book)+0.216%on $10,000
long $87.3706 · short $87.5594(average execution prices, not mark)
market median $87.6370· long -0.4%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.32%, but entry and exit cost 0.32% 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 0.32% 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 | +$32.07 | -$17.93 | -$67.93 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$13.17 | −$13.17 | −$13.17 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$0.10 | -$50.10 | -$100.10 |
Breakeven move 0.3217%·Tradeability: 1.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.11% (89% 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 · 285 samples
Current
+0.321%
88 pct
Median
+0.046%
Average
+0.072%
P25 → P75
-0.091% … +0.252%
Range
-0.648% … +1.154%
Std dev
±0.205%
tf
LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $87.3100
- Exchange Ticker
- USOIL_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $61.25M
- 24h Vol
- $43.32M
SHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $87.5900
- Exchange Ticker
- CL_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(8h)
- +0.00%
- OI
- $57.74M
- 24h Vol
- $51.62M
281 long / 285 short samples · 2 days · auto-refresh every 30s