QQQ · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.128%higher than 4% of spread values(window 1D)
long $719.0200 · short $719.9400(long 40s / short 1m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $719.5332· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.34% 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 | +$12.80 | -$37.20 | -$87.20 |
| Round-trip fees | −$34.00 | −$34.00 | −$34.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.19 | +$0.19 | +$0.19 |
| Net potential | -$21.01 | -$71.01 | -$121.01 |
Breakeven move 0.3381%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.21%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.128%
4 pct
Median
+0.206%
Average
+0.248%
P25 → P75
+0.177% … +0.329%
Range
+0.022% … +0.656%
Std dev
±0.089%
tf
LONG
Kinetiq(dex)
Kinetiq(dex)- Mark Price
- $719.0200
- Exchange Ticker
- USTECH
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +5.00%
- OI
- $5.43M
- 24h Vol
- $1.21M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
WEEX(cex)
WEEX(cex)- Mark Price
- $719.9400
- Exchange Ticker
- QQQUSDT
- Taker / Maker
- 0.08% / 0.02%
- Funding APR(8h)
- +21.26%
- 24h Vol
- $4.97M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short238 long / 254 short samples · 2 days · auto-refresh every 30s