SNDK · Convergence Trade
Current Spread (mark)
updated 58s ago+0.084%higher than 98% of spread values(window 1D)
long $1,335.93 · short $1,337.05
Entry Spread (order book)+0.093%on $10,000
long $1,336.14 · short $1,337.38(average execution prices, not mark)
market median $1,337.36· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.08% 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 | +$8.38 | -$41.62 | -$91.62 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(orderbook) | −$3.24 | −$3.24 | −$3.24 |
| Funding drag(est. 1h hold) | +$0.17 | +$0.17 | +$0.17 |
| Net potential | +$5.31 | -$44.69 | -$94.69 |
Breakeven move 0.0307%·Tradeability: 2.7× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 11 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.084%
98 pct
Median
+0.037%
Average
+0.037%
P25 → P75
+0.030% … +0.042%
Range
-0.019% … +0.119%
Std dev
±0.016%
tf
LONG
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $1,335.93
- Exchange Ticker
- SNDK-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $7.03M
- 24h Vol
- $21.25M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $1,337.05
- Exchange Ticker
- SNDK-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +18.41%
- OI
- $7.68M
- 24h Vol
- $23.98M
285 long / 285 short samples · 2 days · auto-refresh every 30s