SNDK · Convergence Trade
Current Spread (mark)
updated 1m ago+0.045%higher than 52% of spread values(window 1D)
long $865.6500 · short $866.0400(long 1m / short 1m old)
Entry Spread (order book)-0.032%on $10,000
long $866.2731 · short $866.0000(average execution prices, not mark)
market median $865.9800· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.38% 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 | +$4.51 | -$45.49 | -$95.49 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(orderbook) | −$14.09 | −$14.09 | −$14.09 |
| Funding drag(est. 1h hold) | +$0.13 | +$0.13 | +$0.13 |
| Net potential | -$33.45 | -$83.45 | -$133.45 |
Breakeven move 0.3796%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.045%
52 pct
Median
+0.041%
Average
+0.038%
P25 → P75
-0.009% … +0.084%
Range
-0.412% … +0.575%
Std dev
±0.102%
tf
LONG
KuCoin(cex)
KuCoin(cex)- Mark Price
- $865.6500
- Exchange Ticker
- SNDKUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $11.53M
- 24h Vol
- $26.73M
SHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $866.0400
- Exchange Ticker
- SNDKUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +10.96%
- OI
- $52.12M
- 24h Vol
- $90.86M
281 long / 280 short samples · 2 days · auto-refresh every 30s