SNDK · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.102%higher than 52% of spread values(window 1D)
long $1,358.3 · short $1,359.68(long 1m / short 1m old)
Entry Spread (order book)+0.049%on $10,000
long $1,362.82 · short $1,363.49(average execution prices, not mark)
market median $1,359.68· long -0.1%· short +0.0%
Size per leg$= $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 0.30% 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 | +$10.16 | -$39.84 | -$89.84 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.00 | +$0.00 | +$0.00 |
| Net potential | -$19.84 | -$69.84 | -$119.84 |
Breakeven move 0.3000%·Tradeability: 0.3× 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 · 282 samples
Current
+0.102%
52 pct
Median
+0.095%
Average
+0.116%
P25 → P75
+0.019% … +0.165%
Range
-0.317% … +0.760%
Std dev
±0.167%
tf
LONG
Entropy(dex)
Entropy(dex)- Mark Price
- $1,358.3
- Exchange Ticker
- SNDK
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- +16.24%
- OI
- $8.28M
- 24h Vol
- $25.12M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $1,359.68
- Exchange Ticker
- SNDKUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +16.48%
- OI
- $53.53M
- 24h Vol
- $56.50M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short277 long / 245 short samples · 2 days · auto-refresh every 30s