BABA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.023%higher than 32% of spread values(window 1D)
long $93.8081 · short $93.8300(long 4m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $93.8800· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.20% 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 0.02% 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 | +$2.34 | -$47.66 | -$97.66 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$17.62 | -$67.62 | -$117.62 |
Breakeven move 0.1996%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — 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
+0.023%
32 pct
Median
+0.112%
Average
+0.094%
P25 → P75
-0.003% … +0.175%
Range
-0.209% … +0.491%
Std dev
±0.110%
tf
LONG
QFEX(dex)
QFEX(dex)- Mark Price
- $93.8081
- Exchange Ticker
- BABA-USD
- Taker / Maker
- 0.1% / 0.05%
- Funding APR(1h)
- +0.00%
- OI
- $499.81K
- 24h Vol
- $2.91M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $93.8300
- Exchange Ticker
- BABA-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $753.46K
- 24h Vol
- $512.87K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short255 long / 264 short samples · 2 days · auto-refresh every 30s