ANTHROPIC · Convergence Trade
Spread has held for ~7d without converging
Across the entire loaded history the spread never dropped below 3.69%. Real arbitrage closes fast — a spread that stays wide for days usually means a structural price gap (a broken/stale mark on one venue, or different assets under the same ticker), not easy alpha. Check the legs against the market median above.
Profit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 4.85% 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 | +$484.86 | +$434.86 | +$384.86 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | +$471.65 | +$421.65 | +$371.65 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 4.70%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,853 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.
Pionex(cex)- Mark Price
- $2,022.25
- Exchange Ticker
- ANTHROPIC_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +5.69%
- OI
- $213.55K
- 24h Vol
- $888.29K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Lighter Robinhood(dex)- Mark Price
- $2,120.3
- Exchange Ticker
- ANTHROPIC-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $6.59M
- 24h Vol
- $21.21M
1669 long / 1685 short samples · 8 days · auto-refresh every 30s