AMZN · Convergence Trade
Current Spread (mark)
updated 1m ago+0.007%higher than 42% of spread values(window 1D)
long $264.4190 · short $264.4385(long 1m / short 1m old)
Entry Spread (order book)-1.238%on $10,000
long $267.6450 · short $264.3319(average execution prices, not mark)
market median $264.8450· long -0.2%· short -0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.17% 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 0.01% 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 | +$0.74 | -$49.26 | -$99.26 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$9.81 | −$9.81 | −$9.81 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$16.05 | -$66.05 | -$116.05 |
Breakeven move 0.1679%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.007%
42 pct
Median
+0.014%
Average
+0.010%
P25 → P75
-0.010% … +0.030%
Range
-0.439% … +0.282%
Std dev
±0.061%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $264.4190
- Exchange Ticker
- AMZN-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.08M
- 24h Vol
- $38.05M
SHORT
Ondo(dex)
Ondo(dex)- Mark Price
- $264.4385
- Exchange Ticker
- AMZN-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $763.70K
- 24h Vol
- $1.77M
266 long / 238 short samples · 2 days · auto-refresh every 30s