GOOGL · Convergence Trade
Current Spread (mark)
updated 43s ago+0.165%higher than 33% of spread values(window 1D)
long $294.0200 · short $294.5050
Entry Spread (order book)-1.988%on $10,000
long $300.3935 · short $294.4224(average execution prices, not mark)
market median $294.3400· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.17%, but entry and exit cost 0.21% 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 0.17% 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 | +$16.50 | -$33.50 | -$83.50 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$11.52 | −$11.52 | −$11.52 |
| Funding drag(est. 1h hold) | +$0.14 | +$0.14 | +$0.14 |
| Net potential | -$4.88 | -$54.88 | -$104.88 |
Breakeven move 0.2138%·Tradeability: 0.8× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.19%) — 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
+0.165%
33 pct
Median
+0.186%
Average
+0.182%
P25 → P75
+0.153% … +0.213%
Range
-0.058% … +0.435%
Std dev
±0.051%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $294.0200
- Exchange Ticker
- GOOGL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +14.03%
- OI
- $5.17M
- 24h Vol
- $12.11M
SHORT
HTX(cex)
HTX(cex)- Mark Price
- $294.5050
- Exchange Ticker
- GOOGL-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +26.38%
- OI
- $804.51K
- 24h Vol
- $210.23K
284 long / 282 short samples · 2 days · auto-refresh every 30s