GOOGL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.147%higher than 78% of spread values(window 1D)
long $293.1800 · short $293.6116(long 4m / short 23s old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $293.8400· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.56% 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 0.15% 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 | +$14.72 | -$35.28 | -$85.28 |
| Round-trip fees | −$14.60 | −$14.60 | −$14.60 |
| Slippage(orderbook) | −$41.58 | −$41.58 | −$41.58 |
| Funding drag(est. 1h hold) | +$0.34 | +$0.34 | +$0.34 |
| Net potential | -$41.12 | -$91.12 | -$141.12 |
Breakeven move 0.5584%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~30min)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 30 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 · 283 samples
Current
+0.147%
78 pct
Median
-0.009%
Average
-0.050%
P25 → P75
-0.095% … +0.124%
Range
-2.302% … +0.678%
Std dev
±0.420%
tf
LONG
Phoenix(dex)
Phoenix(dex)- Mark Price
- $293.1800
- Exchange Ticker
- GOOGL
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +5.98%
- OI
- $399.35K
SHORT
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $293.6116
- Exchange Ticker
- GOOGLUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +35.52%
- OI
- $162.24K
- 24h Vol
- $1.56M
148 long / 283 short samples · 2 days · auto-refresh every 30s