WTI · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.114%higher than 91% of spread values(window 1D)
long $87.6400 · short $87.7400(long 2m / short 50s old)
Entry Spread (order book)-0.197%on $10,000
long $87.6725 · short $87.5000(average execution prices, not mark)
market median $87.6415· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.52% 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 0.11% 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 | +$11.41 | -$38.59 | -$88.59 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$29.96 | −$29.96 | −$29.96 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$40.55 | -$90.55 | -$140.55 |
Breakeven move 0.5196%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~54min)
Exit target: spread compresses to the median 0.05% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 30 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 · 284 samples
Current
+0.114%
91 pct
Median
-0.011%
Average
-0.008%
P25 → P75
-0.057% … +0.046%
Range
-0.285% … +0.238%
Std dev
±0.081%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $87.6400
- Exchange Ticker
- CL-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $28.14M
- 24h Vol
- $51.52M
SHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $87.7400
- Exchange Ticker
- XTI-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $18.54M
- 24h Vol
- $47.44M
284 long / 282 short samples · 2 days · auto-refresh every 30s