COIN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.122%higher than 73% of spread values(window 1D)
long $123.8383 · short $123.9900(long 1m / short 2m old)
Entry Spread (order book)+0.132%on $10,000
long $123.8800 · short $124.0438(average execution prices, not mark)
market median $124.0862· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.13% 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 0.12% 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 | +$12.25 | -$37.75 | -$87.75 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$5.50 | −$5.50 | −$5.50 |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$0.27 | -$50.27 | -$100.27 |
Breakeven move 0.1252%·Tradeability: 1.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 54 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.122%
73 pct
Median
+0.087%
Average
+0.073%
P25 → P75
+0.033% … +0.127%
Range
-1.222% … +0.669%
Std dev
±0.148%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $123.8383
- Exchange Ticker
- COIN-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $1.10M
- 24h Vol
- $6.19M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $123.9900
- Exchange Ticker
- COIN-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $1.07M
- 24h Vol
- $2.71M
238 long / 259 short samples · 2 days · auto-refresh every 30s