META · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.092%higher than 39% of spread values(window 1D)
long $639.3200 · short $639.9100(long 1m / short 4m old)
Entry Spread (order book)+0.081%on $10,000
long $639.2635 · short $639.7805(average execution prices, not mark)
market median $640.6300· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.09% 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 | +$9.23 | -$40.77 | -$90.77 |
| Round-trip fees | −$4.50 | −$4.50 | −$4.50 |
| Slippage(orderbook) | −$3.58 | −$3.58 | −$3.58 |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | +$1.14 | -$48.86 | -$98.86 |
Breakeven move 0.0809%·Tradeability: 1.1× round-trip cost · marginal — barely covers costs
⏱ 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 · 280 samples
Current
+0.092%
39 pct
Median
+0.100%
Average
+0.090%
P25 → P75
+0.072% … +0.115%
Range
-0.402% … +0.510%
Std dev
±0.079%
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 Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $639.9100
- Exchange Ticker
- META-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.89M
- 24h Vol
- $7.71M
249 long / 257 short samples · 2 days · auto-refresh every 30s