AAPL · Convergence Trade
Current Spread (mark)
updated 43s ago+0.076%higher than 60% of spread values(window 1D)
long $357.0900 · short $357.3600
Entry Spread (order book)+0.042%on $10,000
long $357.0998 · short $357.2500(average execution prices, not mark)
market median $357.1900· long -0.0%· short +0.0%
Size per leg$= $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 0.29% 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 0.08% 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 | +$7.56 | -$42.44 | -$92.44 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(orderbook) | −$5.92 | −$5.92 | −$5.92 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$21.36 | -$71.36 | -$121.36 |
Breakeven move 0.2892%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.07% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 50 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 · 283 samples
Current
+0.076%
60 pct
Median
+0.067%
Average
+0.067%
P25 → P75
+0.045% … +0.087%
Range
-0.039% … +0.231%
Std dev
±0.041%
tf
LONG
Bybit(cex)
Bybit(cex)- Mark Price
- $357.0900
- Exchange Ticker
- AAPLUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $28.64M
- 24h Vol
- $14.70M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $357.3600
- Exchange Ticker
- AAPLUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $1.76M
- 24h Vol
- $227.08K
Legs are price-incoherent (one side is far from the cross-venue median or oracle-only) — likely a wrong-scale/stale market, not a real convergence trade. Profit suppressed.
283 long / 283 short samples · 2 days · auto-refresh every 30s