GOOGL · Convergence Trade
Current Spread (mark)
updated 0s ago+0.195%higher than 50% of spread values(window 7D)
long $343.9500 · short $344.6200(long 53s / short 6m old)
Entry Spread (order book)+0.169%on $10,000
long $344.0801 · short $344.6601(average execution prices, not mark)
market median $344.3350· long -0.1%· short +0.1%
Profit Calculator
Three scenarios: the current spread 0.19% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$19.48 | -$30.52 | -$80.52 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$7.54 | −$7.54 | −$7.54 |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$4.87 | -$54.87 | -$104.87 |
Breakeven move 0.2435%·Tradeability: 0.8× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,860 samples
Current
+0.195%
50 pct
Median
+0.195%
Average
+0.193%
P25 → P75
+0.175% … +0.213%
Range
-0.149% … +0.470%
Std dev
±0.038%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $343.9500
- Exchange Ticker
- GOOGL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $2.82M
- 24h Vol
- $1.73M
SHORT
OKX(cex)
OKX(cex)- Mark Price
- $344.6200
- Exchange Ticker
- GOOGL-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +21.94%
- OI
- $14.24M
- 24h Vol
- $9.79M
1683 long / 1682 short samples · 8 days · auto-refresh every 30s