META · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.027%higher than 69% of spread values(window 1D)
long $639.4000 · short $639.5700(long 3m / short 3m old)
Entry Spread (order book)+2.565%on $10,000
long $623.4474 · 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 0.03%, but entry and exit cost 0.11% 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 0.03% 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 | +$2.66 | -$47.34 | -$97.34 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$3.77 | −$3.77 | −$3.77 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$8.09 | -$58.09 | -$108.09 |
Breakeven move 0.1075%·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 · 283 samples
Current
+0.027%
69 pct
Median
+0.013%
Average
+0.005%
P25 → P75
-0.012% … +0.031%
Range
-0.355% … +0.421%
Std dev
±0.083%
tf
LONG
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
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
264 long / 246 short samples · 2 days · auto-refresh every 30s