MSTR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.013%higher than 40% of spread values(window 1D)
long $107.4461 · short $107.4600(long 5m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $107.5300· long -0.1%· short -0.1%
Size per leg$= $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 0.20% 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 | +$1.29 | -$48.71 | -$98.71 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$18.67 | -$68.67 | -$118.67 |
Breakeven move 0.1996%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.013%
40 pct
Median
+0.040%
Average
-0.004%
P25 → P75
-0.066% … +0.116%
Range
-1.271% … +0.425%
Std dev
±0.204%
tf
LONG
QFEX(dex)
QFEX(dex)- Mark Price
- $107.4461
- Exchange Ticker
- MSTR-USD
- Taker / Maker
- 0.1% / 0.05%
- Funding APR(1h)
- +0.00%
- OI
- $724.24K
- 24h Vol
- $1.20M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $107.4600
- Exchange Ticker
- MSTR-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $772.42K
- 24h Vol
- $2.17M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s