HOOD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.001%higher than 54% of spread values(window 1D)
long $76.3074 · short $76.3080(long 2m / short 1m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $76.3400· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost -0.00% 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 0.00% 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 | +$0.08 | -$49.92 | -$99.92 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | +$0.12 | -$49.88 | -$99.88 |
Breakeven move -0.0004%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — 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
+0.001%
54 pct
Median
-0.005%
Average
-0.016%
P25 → P75
-0.058% … +0.037%
Range
-1.150% … +1.217%
Std dev
±0.170%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $76.3074
- Exchange Ticker
- HOOD
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $797.99K
- 24h Vol
- $122.21K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $76.3080
- Exchange Ticker
- HOOD-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $696.20K
- 24h Vol
- $660.33K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short252 long / 265 short samples · 2 days · auto-refresh every 30s