META · Convergence Trade
Current Spread (mark)
updated 50s ago+0.008%higher than 13% of spread values(window 1D)
long $628.0800 · short $628.1300
Entry Spread (order book)-0.008%on $10,000
long $628.0700 · short $628.0200(average execution prices, not mark)
market median $628.5300· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost -0.00% 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 | +$0.80 | -$49.20 | -$99.20 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.17 | +$0.17 | +$0.17 |
| Net potential | +$0.97 | -$49.03 | -$99.03 |
Breakeven move -0.0017%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.008%
13 pct
Median
+0.019%
Average
+0.023%
P25 → P75
+0.016% … +0.024%
Range
-0.176% … +0.417%
Std dev
±0.047%
tf
LONG
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $628.0800
- Exchange Ticker
- META-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $2.85M
- 24h Vol
- $8.06M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $628.1300
- Exchange Ticker
- META-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +18.41%
- OI
- $3.36M
- 24h Vol
- $7.17M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short275 long / 277 short samples · 2 days · auto-refresh every 30s