META · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.188%higher than 34% of spread values(window 1D)
long $629.4400 · short $630.6200(long 1m / short 2s old)
Entry Spread (order book)+0.079%on $10,000
long $629.9765 · short $630.4717(average execution prices, not mark)
market median $630.0900· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.19%, but entry and exit cost 0.21% 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 0.19% 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 | +$18.75 | -$31.25 | -$81.25 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.18 | +$0.18 | +$0.18 |
| Net potential | -$2.07 | -$52.07 | -$102.07 |
Breakeven move 0.2082%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.21%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.188%
34 pct
Median
+0.204%
Average
+0.184%
P25 → P75
+0.177% … +0.230%
Range
-2.335% … +0.855%
Std dev
±0.224%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $629.4400
- Exchange Ticker
- METAUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -15.79%
- OI
- $100.93K
- 24h Vol
- $168.54K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $630.6200
- Exchange Ticker
- METAUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $5.92M
- 24h Vol
- $25.77M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short267 long / 277 short samples · 2 days · auto-refresh every 30s