WTI · Convergence Trade
Current Spread (mark)
updated 59s ago+0.075%higher than 51% of spread values(window 1D)
long $87.5489 · short $87.6148
Entry Spread (order book)+0.047%on $10,000
long $87.5691 · short $87.6100(average execution prices, not mark)
market median $87.6174· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.16% 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 0.08% 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 | +$7.53 | -$42.47 | -$92.47 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$5.75 | −$5.75 | −$5.75 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$8.22 | -$58.22 | -$108.22 |
Breakeven move 0.1575%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.075%
51 pct
Median
+0.075%
Average
+0.073%
P25 → P75
+0.066% … +0.085%
Range
-0.147% … +0.215%
Std dev
±0.033%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $87.5489
- Exchange Ticker
- CL
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +0.00%
- OI
- $9.18M
- 24h Vol
- $2.68M
SHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $87.6148
- Exchange Ticker
- CLUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $166.29M
- 24h Vol
- $401.02M
284 long / 284 short samples · 2 days · auto-refresh every 30s