WTI · Convergence Trade
Current Spread (mark)
updated 4s ago+0.104%higher than 85% of spread values(window 1D)
long $87.5489 · short $87.6400
Entry Spread (order book)+0.081%on $10,000
long $87.5691 · short $87.6400(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 0.10%, but entry and exit cost 0.18% 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 0.10% 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 | +$10.41 | -$39.59 | -$89.59 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(orderbook) | −$5.75 | −$5.75 | −$5.75 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$7.34 | -$57.34 | -$107.34 |
Breakeven move 0.1775%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 40 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
+0.104%
85 pct
Median
+0.076%
Average
+0.073%
P25 → P75
+0.056% … +0.094%
Range
-0.197% … +0.205%
Std dev
±0.040%
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
BloFin(cex)
BloFin(cex)- Mark Price
- $87.6400
- Exchange Ticker
- CL-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $9.69M
- 24h Vol
- $574.01K
284 long / 284 short samples · 2 days · auto-refresh every 30s