ETH · Convergence Trade
Current Spread (mark)
updated 4s ago+0.107%higher than 44% of spread values(window 1D)
long $2,334.8 · short $2,337.3
Entry Spread (order book)+0.099%on $10,000
long $2,335.1 · short $2,337.4(average execution prices, not mark)
market median $2,337.97· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.15% 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 0.11% 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 | +$10.71 | -$39.29 | -$89.29 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$4.29 | -$54.29 | -$104.29 |
Breakeven move 0.1500%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.107%
44 pct
Median
+0.112%
Average
+0.109%
P25 → P75
+0.089% … +0.134%
Range
-0.330% … +0.366%
Std dev
±0.059%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $2,334.8
- Exchange Ticker
- ETH-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3.11M
- 24h Vol
- $5.68M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Polymarket(dex)
Polymarket(dex)- Mark Price
- $2,337.3
- Exchange Ticker
- ETH-USD
- Taker / Maker
- 0.04% / 0.0125%
- Funding APR(1h)
- +10.96%
- OI
- $11.58M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 285 short samples · 2 days · auto-refresh every 30s