GOOGL · Convergence Trade
Current Spread (mark)
updated 45s ago+0.032%higher than 56% of spread values(window 1D)
long $293.9562 · short $294.0500
Entry Spread (order book)+2.087%on $10,000
long $294.1717 · short $300.3100(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 0.03%, but entry and exit cost 0.25% 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 0.03% 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 | +$3.19 | -$46.81 | -$96.81 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$5.31 | −$5.31 | −$5.31 |
| Funding drag(est. 1h hold) | +$0.16 | +$0.16 | +$0.16 |
| Net potential | -$21.96 | -$71.96 | -$121.96 |
Breakeven move 0.2515%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.032%
56 pct
Median
+0.025%
Average
+0.005%
P25 → P75
-0.040% … +0.051%
Range
-0.287% … +0.189%
Std dev
±0.071%
tf
LONG
QFEX(dex)
QFEX(dex)- Mark Price
- $293.9562
- Exchange Ticker
- GOOGL-USD
- Taker / Maker
- 0.1% / 0.05%
- Funding APR(1h)
- +0.00%
- OI
- $1.29M
- 24h Vol
- $3.54M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $294.0500
- Exchange Ticker
- GOOGL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +14.03%
- OI
- $5.17M
- 24h Vol
- $12.10M
285 long / 285 short samples · 2 days · auto-refresh every 30s