ANTHROPIC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.248%higher than 39% of spread values(window 1D)
long $2,132.5 · short $2,137.8(long 2m / short 4m old)
Entry Spread (order book)+0.056%on $10,000
long $2,135.35 · short $2,136.53(average execution prices, not mark)
market median $2,046.87· long +4.2%· short +4.4%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.25% 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 | +$24.85 | -$25.15 | -$75.15 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(orderbook) | −$16.28 | −$16.28 | −$16.28 |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | +$8.61 | -$41.39 | -$91.39 |
Breakeven move 0.1624%·Tradeability: 1.5× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.26%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.248%
39 pct
Median
+0.259%
Average
+0.255%
P25 → P75
+0.225% … +0.283%
Range
+0.005% … +0.408%
Std dev
±0.050%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
Loading Price Spread…
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
Lighter(dex)
Lighter(dex)- Mark Price
- $2,132.5
- Exchange Ticker
- ANTHROPIC-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +0.00%
- OI
- $1.84M
- 24h Vol
- $430.28K
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $2,137.8
- Exchange Ticker
- ANTHROPIC-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $6.91M
- 24h Vol
- $21.29M
262 long / 259 short samples · 2 days · auto-refresh every 30s