GOOGL · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.14% 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 | +$0.87 | -$49.13 | -$99.13 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$7.16 | −$7.16 | −$7.16 |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | -$13.17 | -$63.17 | -$113.17 |
⏱ 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 · 235 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Ondo(dex)- Mark Price
- $343.3000
- Exchange Ticker
- GOOGL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -14.20%
- OI
- $2.36M
- 24h Vol
- $160.32K
Lighter(dex)- Mark Price
- $343.3300
- Exchange Ticker
- GOOGL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -3.51%
- OI
- $2.75M
- 24h Vol
- $1.52M
235 long / 233 short samples · 1 day · auto-refresh every 30s