HOOD · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.15% 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 | +$14.58 | -$35.42 | -$85.42 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.08 | −$0.08 | −$0.08 |
| Net potential | -$17.22 | -$67.22 | -$117.22 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.16%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,892 samples
Live spread — order book
on size $10,000Rebuilt 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.
Ondo(dex)- Mark Price
- $96.0300
- Exchange Ticker
- HOOD-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $834.06K
- 24h Vol
- $524.93K
Bitunix(cex)- Mark Price
- $96.1700
- Exchange Ticker
- HOODUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -1.75%
- 24h Vol
- $970.80K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1606 long / 1881 short samples · 8 days · auto-refresh every 30s