QQQ · Convergence Trade
Current Spread (mark)
updated 0s ago+0.162%higher than 7% of spread values(window 1D)
long $729.5214 · short $730.7000(long 4m / short 4m old)
Entry Spread (order book)+0.117%on $10,000
long $729.8927 · short $730.7500(average execution prices, not mark)
market median $730.2378· long -0.1%· short +0.1%
Profit Calculator
Three scenarios: the current spread 0.16% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$16.16 | -$33.84 | -$83.84 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$19.27 | −$19.27 | −$19.27 |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | -$22.07 | -$72.07 | -$122.07 |
Breakeven move 0.3823%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.30%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 207 samples
Current
+0.162%
7 pct
Median
+0.304%
Average
+0.281%
P25 → P75
+0.234% … +0.331%
Range
+0.135% … +0.403%
Std dev
±0.062%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $729.5214
- Exchange Ticker
- QQQ-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $2.60M
- 24h Vol
- $874.81K
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $730.7000
- Exchange Ticker
- QQQ-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +9.05%
- OI
- $962.65K
- 24h Vol
- $212.51K
193 long / 193 short samples · 2 days · auto-refresh every 30s