HOOD · Convergence Trade
Current Spread (mark)
updated 1m ago+0.070%higher than 35% of spread values(window 1D)
long $76.2435 · short $76.2970(long 1m / short 1m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $76.3500· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.14% 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 0.07% 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 | +$7.01 | -$42.99 | -$92.99 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$6.65 | -$56.65 | -$106.65 |
Breakeven move 0.1366%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.070%
35 pct
Median
+0.091%
Average
+0.080%
P25 → P75
+0.049% … +0.127%
Range
-1.079% … +0.507%
Std dev
±0.144%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $76.2435
- Exchange Ticker
- HOOD-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $890.17K
- 24h Vol
- $1.72M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $76.2970
- Exchange Ticker
- HOOD-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $695.88K
- 24h Vol
- $645.59K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short247 long / 266 short samples · 2 days · auto-refresh every 30s