WTI · Convergence Trade
Current Spread (mark)
updated 30s ago+0.326%higher than 22% of spread values(window 1D)
long $87.5350 · short $87.8200
Entry Spread (order book)-0.108%on $10,000thin book — size does not fully fill
long $87.5300 · short $87.4353(average execution prices, not mark)
market median $87.6100· long -0.1%· short +0.2%
Size per leg$= $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 0.33% 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 | +$32.55 | -$17.45 | -$67.45 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.06 | −$0.06 | −$0.06 |
| Net potential | +$12.35 | -$37.65 | -$87.65 |
Breakeven move 0.2020%·Tradeability: 1.6× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.37%) — 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
+0.326%
22 pct
Median
+0.374%
Average
+0.400%
P25 → P75
+0.333% … +0.469%
Range
+0.068% … +0.689%
Std dev
±0.114%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $87.5350
- Exchange Ticker
- WTI-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $1.89M
- 24h Vol
- $1.91M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8200
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $943.33K
- 24h Vol
- $87.73K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 283 short samples · 2 days · auto-refresh every 30s