HOOD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.329%higher than 84% of spread values(window 1D)
long $76.3189 · short $76.5700(long 39s / short 4m old)
Entry Spread (order book)-0.504%on $10,000
long $76.9337 · short $76.5459(average execution prices, not mark)
market median $76.3700· long -0.1%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.33%, but entry and exit cost 1.81% 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 0.33% 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 | +$32.91 | -$17.09 | -$67.09 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$167.61 | −$167.61 | −$167.61 |
| Funding drag(est. 1h hold) | +$0.57 | +$0.57 | +$0.57 |
| Net potential | -$148.13 | -$198.13 | -$248.13 |
Breakeven move 1.8104%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.14% (52% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.329%
84 pct
Median
+0.122%
Average
+0.138%
P25 → P75
+0.028% … +0.263%
Range
-0.926% … +0.713%
Std dev
±0.190%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $76.3189
- Exchange Ticker
- HOODUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- -7.73%
- OI
- $253.94K
- 24h Vol
- $185.46K
SHORT
PopDEX(dex)
PopDEX(dex)- Mark Price
- $76.5700
- Exchange Ticker
- HOODUSDT
- Taker / Maker
- 0.032% / 0.01%
- Funding APR(1h)
- +42.43%
- OI
- $164.43K
- 24h Vol
- $987.53K
244 long / 254 short samples · 2 days · auto-refresh every 30s