META · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.013%higher than 30% of spread values(window 1D)
long $639.3200 · short $639.4000(long 1m / short 3m old)
Entry Spread (order book)-2.497%on $10,000
long $639.2635 · short $623.3000(average execution prices, not mark)
market median $640.6300· long -0.2%· short -0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.08% 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 0.01% 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 | +$1.25 | -$48.75 | -$98.75 |
| Round-trip fees | −$4.50 | −$4.50 | −$4.50 |
| Slippage(orderbook) | −$3.50 | −$3.50 | −$3.50 |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$6.76 | -$56.76 | -$106.76 |
Breakeven move 0.0801%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.013%
30 pct
Median
+0.027%
Average
+0.026%
P25 → P75
+0.008% … +0.045%
Range
-0.387% … +0.387%
Std dev
±0.087%
tf
LONG
Arcus(dex)
Arcus(dex)- Mark Price
- $639.3200
- Exchange Ticker
- META-USD
- Taker / Maker
- 0.0225% / 0%
- Funding APR(1h)
- +4.16%
- OI
- $1.05M
- 24h Vol
- $1.40M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $639.4000
- Exchange Ticker
- META-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $4.12M
- 24h Vol
- $8.49M
249 long / 263 short samples · 2 days · auto-refresh every 30s