MSTR · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.085%higher than 30% of spread values(window 1D)
long $107.4840 · short $107.5750(long 57s / short 3m old)
Entry Spread (order book)-0.088%on $10,000
long $107.4900 · short $107.3957(average execution prices, not mark)
market median $107.5300· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.17% 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 0.08% 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 | +$8.47 | -$41.53 | -$91.53 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$8.25 | -$58.25 | -$108.25 |
Breakeven move 0.1672%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.085%
30 pct
Median
+0.114%
Average
+0.126%
P25 → P75
+0.077% … +0.160%
Range
-0.366% … +0.852%
Std dev
±0.120%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $107.4840
- Exchange Ticker
- MSTR
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $1.52M
- 24h Vol
- $1.16M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
HTX(cex)
HTX(cex)- Mark Price
- $107.5750
- Exchange Ticker
- MSTRX-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $845.72K
- 24h Vol
- $194.34K
283 long / 283 short samples · 2 days · auto-refresh every 30s