MON · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 7m old+0.125%higher than 87% of spread values(window 1D)
long $0.01597 · short $0.01599(long 7m / short 2m old)
Entry Spread (order book)-0.351%on $10,000
long $0.01597 · short $0.01591(average execution prices, not mark)
market median $0.01599· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.13% 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 | +$12.52 | -$37.48 | -$87.48 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.24 | +$0.24 | +$0.24 |
| Net potential | +$2.76 | -$47.24 | -$97.24 |
Breakeven move 0.0976%·Tradeability: 1.3× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.125%
87 pct
Median
-0.060%
Average
-0.055%
P25 → P75
-0.178% … +0.062%
Range
-2.031% … +0.675%
Std dev
±0.250%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.01597
- Exchange Ticker
- MON-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -9.66%
- OI
- $2.64M
- 24h Vol
- $4.19M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $0.01599
- Exchange Ticker
- MON
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $737.98K
- 24h Vol
- $198.61K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short260 long / 252 short samples · 2 days · auto-refresh every 30s