GOOGL · Convergence Trade
Current Spread (mark)
updated 47s ago+0.153%higher than 51% of spread values(window 1D)
long $294.2140 · short $294.6650
Entry Spread (order book)+0.044%on $10,000
long $294.2930 · short $294.4224(average execution prices, not mark)
market median $294.3800· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.15%, but entry and exit cost 0.24% 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 | +$15.33 | -$34.67 | -$84.67 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$14.11 | −$14.11 | −$14.11 |
| Funding drag(est. 1h hold) | +$0.30 | +$0.30 | +$0.30 |
| Net potential | -$8.48 | -$58.48 | -$108.48 |
Breakeven move 0.2381%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.15%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.153%
51 pct
Median
+0.153%
Average
+0.151%
P25 → P75
+0.129% … +0.175%
Range
-0.052% … +0.447%
Std dev
±0.057%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $294.2140
- Exchange Ticker
- GOOGL
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $9.07M
- 24h Vol
- $2.88M
SHORT
HTX(cex)
HTX(cex)- Mark Price
- $294.6650
- Exchange Ticker
- GOOGL-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +26.29%
- OI
- $804.51K
- 24h Vol
- $210.12K
284 long / 282 short samples · 2 days · auto-refresh every 30s