MSTR · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.18%, but entry and exit cost 0.28% 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 0.18% 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 | +$18.08 | -$31.92 | -$81.92 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(orderbook) | −$19.21 | −$19.21 | −$19.21 |
| Funding drag(est. 1h hold) | −$0.36 | −$0.36 | −$0.36 |
| Net potential | -$9.49 | -$59.49 | -$109.49 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 19 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 235 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Coinbase International(cex)- Mark Price
- $160.3800
- Exchange Ticker
- MSTR-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- -51.72%
- OI
- $664.47K
- 24h Vol
- $126.37K
Lighter(dex)- Mark Price
- $160.6700
- Exchange Ticker
- MSTR-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -83.28%
- OI
- $3.44M
- 24h Vol
- $2.37M
235 long / 231 short samples · 1 day · auto-refresh every 30s