XLE · Convergence Trade
Sparse data (32% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.29% 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 0.11% 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 | +$10.81 | -$39.19 | -$89.19 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.00 | +$1.00 | +$1.00 |
| Net potential | -$18.19 | -$68.19 | -$118.19 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.20%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 99 samples
Live spread — order book
on size $10,000Rebuilt 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.
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon}
trade[XYZ](dex)- Mark Price
- $61.9830
- Exchange Ticker
- xyz:XLE
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +31.13%
- OI
- $822.54K
- 24h Vol
- $40.19K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Toobit(cex)- Mark Price
- $62.0500
- Exchange Ticker
- XLE-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +118.81%
- OI
- $151.01K
- 24h Vol
- $57.11K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short91 long / 96 short samples · 2 days · auto-refresh every 30s