COIN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.006%higher than 32% of spread values(window 1D)
long $160.1100 · short $160.1190(long 3m / short 1m old)
Entry Spread (order book)+0.023%on $10,000
long $160.2360 · short $160.2728(average execution prices, not mark)
market median $160.2900· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.03% 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 | +$0.56 | -$49.44 | -$99.44 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$2.85 | -$52.85 | -$102.85 |
Breakeven move 0.0341%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.006%
32 pct
Median
+0.038%
Average
+0.027%
P25 → P75
-0.009% … +0.074%
Range
-1.309% … +0.519%
Std dev
±0.156%
tf
LONG
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $160.1100
- Exchange Ticker
- COIN-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $2.85M
- 24h Vol
- $7.10M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $160.1190
- Exchange Ticker
- COIN-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $2.42M
- 24h Vol
- $5.80M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 265 short samples · 2 days · auto-refresh every 30s