SAND · Convergence Trade
Current Spread (mark)
updated 42s ago+0.102%higher than 54% of spread values(window 1D)
long $0.03828 · short $0.03832
Entry Spread (order book)-0.332%on $10,000
long $0.03838 · short $0.03825(average execution prices, not mark)
market median $0.03829· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.21% 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 0.10% 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 | +$10.19 | -$39.81 | -$89.81 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$10.81 | -$60.81 | -$110.81 |
Breakeven move 0.2100%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.102%
54 pct
Median
+0.088%
Average
+0.093%
P25 → P75
+0.023% … +0.172%
Range
-1.582% … +0.997%
Std dev
±0.186%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.03828
- Exchange Ticker
- SAND
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $612.00K
- 24h Vol
- $149.84K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $0.03832
- Exchange Ticker
- SANDUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +10.96%
- OI
- $1.34M
- 24h Vol
- $813.62K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 251 short samples · 2 days · auto-refresh every 30s