MU · Convergence Trade
Current Spread (mark)
updated 26s ago+0.129%higher than 71% of spread values(window 1D)
long $765.4840 · short $766.4700
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $767.1500· long -0.2%· short -0.1%
Size per leg$= $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 | +$12.88 | -$37.12 | -$87.12 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.23 | −$0.23 | −$0.23 |
| Net potential | +$3.43 | -$46.57 | -$96.57 |
Breakeven move 0.0945%·Tradeability: 1.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 55 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 · 285 samples
Current
+0.129%
71 pct
Median
+0.105%
Average
+0.085%
P25 → P75
+0.051% … +0.133%
Range
-0.551% … +0.549%
Std dev
±0.101%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $765.4840
- Exchange Ticker
- MU-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -3.59%
- OI
- $1.78M
- 24h Vol
- $6.21M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $766.4700
- Exchange Ticker
- MU-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -23.67%
- OI
- $1.62M
- 24h Vol
- $8.74M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 285 short samples · 2 days · auto-refresh every 30s