QQQ · Convergence Trade
Current Spread (mark)
updated 1m ago+0.150%higher than 3% of spread values(window 1D)
long $742.8575 · short $743.9700(long 1m / short 1m old)
Entry Spread (order book)+0.127%on $10,000
long $743.0546 · short $744.0003(average execution prices, not mark)
market median $743.5600· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.15% 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 | +$14.98 | -$35.02 | -$85.02 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$5.91 | −$5.91 | −$5.91 |
| Funding drag(est. 1h hold) | +$0.17 | +$0.17 | +$0.17 |
| Net potential | +$2.24 | -$47.76 | -$97.76 |
Breakeven move 0.1274%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.21%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 239 samples
Current
+0.150%
3 pct
Median
+0.208%
Average
+0.209%
P25 → P75
+0.197% … +0.226%
Range
+0.124% … +0.271%
Std dev
±0.025%
Size per leg$= $20,000 total
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
- $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
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $743.9700
- Exchange Ticker
- QQQ-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $37.25M
- 24h Vol
- $33.32M
235 long / 235 short samples · 1 day · auto-refresh every 30s