SAND · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 7m old+0.000%higher than 22% of spread values(window 1D)
long $0.05772 · short $0.05772(long 7m / short 5m old)
Entry Spread (order book)-0.014%on $10,000
long $0.05764 · short $0.05763(average execution prices, not mark)
market median $0.05769· long +0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.22% 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 0.00% 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 | +$0.00 | -$50.00 | -$100.00 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.09 | +$1.09 | +$1.09 |
| Net potential | -$21.91 | -$71.91 | -$121.91 |
Breakeven move 0.2191%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 274 samples
Current
+0.000%
22 pct
Median
+0.104%
Average
+0.102%
P25 → P75
+0.034% … +0.202%
Range
-0.836% … +0.810%
Std dev
±0.192%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.05772
- Exchange Ticker
- SANDUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -84.14%
- OI
- $1.01M
- 24h Vol
- $3.47M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.05772
- Exchange Ticker
- SANDUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $9.48M
- 24h Vol
- $17.09M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short213 long / 255 short samples · 2 days · auto-refresh every 30s