QQQ · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.14% 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 0.05% 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 | +$4.88 | -$45.12 | -$95.12 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$6.86 | −$6.86 | −$6.86 |
| Funding drag(est. 1h hold) | −$0.62 | −$0.62 | −$0.62 |
| Net potential | -$9.60 | -$59.60 | -$109.60 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 239 samples
Live spread — order book
on size $10,000Rebuilt 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.
Ondo(dex)- Mark Price
- $742.8575
- Exchange Ticker
- QQQ-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -10.96%
- OI
- $4.19M
- 24h Vol
- $211.72K
Lighter(dex)- Mark Price
- $743.2200
- Exchange Ticker
- QQQ-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -64.87%
- OI
- $6.05M
- 24h Vol
- $3.76M
235 long / 233 short samples · 1 day · auto-refresh every 30s