SNDK · Convergence Trade
Current Spread (mark)
updated 36s ago+0.180%higher than 80% of spread values(window 1D)
long $1,292.41 · short $1,294.73
Entry Spread (order book)+0.086%on $10,000
long $1,292.67 · short $1,293.78(average execution prices, not mark)
market median $1,294.33· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.18%, but entry and exit cost 0.23% 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 0.18% 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 | +$17.96 | -$32.04 | -$82.04 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$16.69 | −$16.69 | −$16.69 |
| Funding drag(est. 1h hold) | +$11.10 | +$11.10 | +$11.10 |
| Net potential | -$4.63 | -$54.63 | -$104.63 |
Breakeven move 0.2259%·Tradeability: 0.8× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.12% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 39 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 · 284 samples
Current
+0.180%
80 pct
Median
+0.117%
Average
+0.138%
P25 → P75
+0.079% … +0.166%
Range
-0.265% … +1.596%
Std dev
±0.163%
tf
LONG
TxFlow(dex)
TxFlow(dex)- Mark Price
- $1,292.41
- Exchange Ticker
- SNDK
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -13.86%
- OI
- $144.71K
- 24h Vol
- $1.25M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $1,294.73
- Exchange Ticker
- SNDK-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +958.71%
- OI
- $26.53K
- 24h Vol
- $81.37K
283 long / 284 short samples · 2 days · auto-refresh every 30s