WTI · Convergence Trade
Current Spread (mark)
updated 33s ago+0.246%higher than 43% of spread values(window 1D)
long $87.6148 · short $87.8300
Entry Spread (order book)-0.157%on $10,000thin book — size does not fully fill
long $87.6200 · short $87.4821(average execution prices, not mark)
market median $87.6134· long +0.0%· short +0.2%
Size per leg$= $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 0.25% 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 | +$24.56 | -$25.44 | -$75.44 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | +$1.54 | -$48.46 | -$98.46 |
Breakeven move 0.2302%·Tradeability: 1.1× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.25%) — 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
+0.246%
43 pct
Median
+0.254%
Average
+0.285%
P25 → P75
+0.217% … +0.359%
Range
-0.045% … +0.548%
Std dev
±0.116%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $87.6148
- Exchange Ticker
- WTI_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.66%
- OI
- $2.52M
- 24h Vol
- $1.95M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8300
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +11.46%
- OI
- $941.88K
- 24h Vol
- $88.04K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short281 long / 283 short samples · 2 days · auto-refresh every 30s