XAG · Convergence Trade
Current Spread (mark)
updated 58s ago+0.288%higher than 98% of spread values(window 1D)
long $56.8300 · short $56.9939
Entry Spread (order book)-0.271%on $10,000
long $56.8300 · short $56.6760(average execution prices, not mark)
market median $56.7900· long +0.1%· short +0.4%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.29% 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 | +$28.85 | -$21.15 | -$71.15 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$4.93 | −$4.93 | −$4.93 |
| Funding drag(est. 1h hold) | +$0.60 | +$0.60 | +$0.60 |
| Net potential | +$7.52 | -$42.48 | -$92.48 |
Breakeven move 0.2133%·Tradeability: 1.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.31%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.288%
98 pct
Median
-0.290%
Average
-0.231%
P25 → P75
-0.360% … -0.151%
Range
-0.482% … +0.821%
Std dev
±0.180%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $56.8300
- Exchange Ticker
- XAGUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $43.52M
- 24h Vol
- $7.40M
SHORT
Meridian(dex)
Meridian(dex)- Mark Price
- $56.9939
- Exchange Ticker
- XAG-USD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- +52.14%
- OI
- $4.97K
- 24h Vol
- $2.66K
284 long / 284 short samples · 2 days · auto-refresh every 30s