META · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.039%higher than 49% of spread values(window 1D)
long $639.3200 · short $639.5700(long 1m / short 3m old)
Entry Spread (order book)+0.028%on $10,000
long $639.2635 · short $639.4400(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 0.04%, 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 0.04% 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 | +$3.91 | -$46.09 | -$96.09 |
| Round-trip fees | −$11.50 | −$11.50 | −$11.50 |
| Slippage(orderbook) | −$2.55 | −$2.55 | −$2.55 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$10.12 | -$60.12 | -$110.12 |
Breakeven move 0.1403%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — 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
+0.039%
49 pct
Median
+0.039%
Average
+0.032%
P25 → P75
+0.014% … +0.056%
Range
-0.485% … +0.447%
Std dev
±0.083%
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
Ondo(dex)
Ondo(dex)- Mark Price
- $639.5700
- Exchange Ticker
- META-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $702.88K
- 24h Vol
- $3.48M
249 long / 245 short samples · 2 days · auto-refresh every 30s