AAPL · Convergence Trade
Current Spread (mark)
updated 49s ago+0.049%higher than 51% of spread values(window 1D)
long $356.6370 · short $356.8100
Entry Spread (order book)+0.252%on $10,000
long $355.7929 · short $356.6911(average execution prices, not mark)
market median $357.1750· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.15% 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 0.05% 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 | +$4.85 | -$45.15 | -$95.15 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$8.59 | −$8.59 | −$8.59 |
| Funding drag(est. 1h hold) | +$0.20 | +$0.20 | +$0.20 |
| Net potential | -$10.54 | -$60.54 | -$110.54 |
Breakeven move 0.1539%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — 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
+0.049%
51 pct
Median
+0.048%
Average
+0.046%
P25 → P75
+0.036% … +0.059%
Range
-0.103% … +0.182%
Std dev
±0.030%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $356.6370
- Exchange Ticker
- AAPL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $5.09M
- 24h Vol
- $12.83M
SHORT
Ondo(dex)
Ondo(dex)- Mark Price
- $356.8100
- Exchange Ticker
- AAPL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +20.60%
- OI
- $1.80M
- 24h Vol
- $2.22M
285 long / 285 short samples · 2 days · auto-refresh every 30s