GOOGL · Convergence Trade
Current Spread (mark)
updated 19s ago+0.092%higher than 79% of spread values(window 1D)
long $293.8400 · short $294.1100
Entry Spread (order book)+0.049%on $10,000
long $293.9177 · short $294.0611(average execution prices, not mark)
market median $294.4300· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, 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 0.09% 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 | +$9.19 | -$40.81 | -$90.81 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$6.29 | −$6.29 | −$6.29 |
| Funding drag(est. 1h hold) | −$0.45 | −$0.45 | −$0.45 |
| Net potential | -$4.55 | -$54.55 | -$104.55 |
Breakeven move 0.1374%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.07% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 48 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 · 285 samples
Current
+0.092%
79 pct
Median
+0.074%
Average
+0.076%
P25 → P75
+0.061% … +0.088%
Range
-0.020% … +0.199%
Std dev
±0.025%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $293.8400
- Exchange Ticker
- GOOGL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +56.10%
- OI
- $3.19M
- 24h Vol
- $2.72M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $294.1100
- Exchange Ticker
- GOOGL-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +16.66%
- OI
- $5.43M
- 24h Vol
- $14.90M
284 long / 285 short samples · 2 days · auto-refresh every 30s