GOOGL · Convergence Trade
Current Spread (mark)
updated 1m ago+0.051%higher than 96% of spread values(window 1D)
long $294.2700 · short $294.4200(long 14s / short 1m old)
Entry Spread (order book)-0.262%on $10,000
long $295.1919 · short $294.4200(average execution prices, not mark)
market median $294.4100· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.80% 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 0.05% 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 | +$5.10 | -$44.90 | -$94.90 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(orderbook) | −$57.55 | −$57.55 | −$57.55 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$74.43 | -$124.43 | -$174.43 |
Breakeven move 0.7953%·Tradeability: 0.1× 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 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 33 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 · 282 samples
Current
+0.051%
96 pct
Median
-0.003%
Average
-0.008%
P25 → P75
-0.027% … +0.017%
Range
-0.258% … +0.145%
Std dev
±0.043%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $294.2700
- Exchange Ticker
- GOOGLUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $2.64M
- 24h Vol
- $74.92K
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $294.4200
- Exchange Ticker
- GOOGLX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +1.33%
- OI
- $2.17M
- 24h Vol
- $2.58M
282 long / 281 short samples · 2 days · auto-refresh every 30s