WTI · Convergence Trade
Current Spread (mark)
updated 16s ago+0.251%higher than 38% of spread values(window 1D)
long $87.6400 · short $87.8600
Entry Spread (order book)-0.159%on $10,000thin book — size does not fully fill
long $87.6600 · short $87.5210(average execution prices, not mark)
market median $87.6415· long -0.0%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.25%, but entry and exit cost 0.28% 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 0.25% 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 | +$25.10 | -$24.90 | -$74.90 |
| Round-trip fees | −$28.00 | −$28.00 | −$28.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.26 | +$0.26 | +$0.26 |
| Net potential | -$2.64 | -$52.64 | -$102.64 |
Breakeven move 0.2774%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.27%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.251%
38 pct
Median
+0.274%
Average
+0.298%
P25 → P75
+0.228% … +0.377%
Range
-0.330% … +0.560%
Std dev
±0.123%
tf
LONG
WEEX(cex)
WEEX(cex)- Mark Price
- $87.6400
- Exchange Ticker
- CLUSDT
- Taker / Maker
- 0.08% / 0.02%
- Funding APR(4h)
- -16.67%
- OI
- $1.50K
- 24h Vol
- $872.01K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $87.8600
- Exchange Ticker
- XTIUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +6.00%
- OI
- $940.68K
- 24h Vol
- $86.30K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 285 short samples · 2 days · auto-refresh every 30s