GOOGL · Convergence Trade
Current Spread (mark)
updated 1m ago+0.061%higher than 31% of spread values(window 1D)
long $294.2400 · short $294.4200(long 23s / short 1m old)
Entry Spread (order book)+0.036%on $10,000
long $294.3130 · short $294.4200(average execution prices, not mark)
market median $294.4100· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.16% 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 0.06% 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 | +$6.12 | -$43.88 | -$93.88 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$5.71 | −$5.71 | −$5.71 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$9.57 | -$59.57 | -$109.57 |
Breakeven move 0.1569%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.061%
31 pct
Median
+0.074%
Average
+0.071%
P25 → P75
+0.057% … +0.088%
Range
-0.197% … +0.392%
Std dev
±0.049%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $294.2400
- Exchange Ticker
- GOOGL
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $9.06M
- 24h Vol
- $2.89M
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