MSTR · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.26% 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 0.13% 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 | +$13.24 | -$36.76 | -$86.76 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$18.77 | −$18.77 | −$18.77 |
| Funding drag(est. 1h hold) | −$0.18 | −$0.18 | −$0.18 |
| Net potential | -$12.71 | -$62.71 | -$112.71 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 17 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.
Ondo(dex)- Mark Price
- $160.4575
- Exchange Ticker
- MSTR-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -67.85%
- OI
- $815.11K
- 24h Vol
- $283.71K
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
233 long / 231 short samples · 1 day · auto-refresh every 30s