SOON · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.004%higher than 87% of spread values(window 1D)
long $0.2332 · short $0.2332(long 4m / short 2m old)
Entry Spread (order book)-0.745%on $10,000
long $0.2332 · short $0.2315(average execution prices, not mark)
market median $0.2332· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.61% 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 0.00% 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 | +$0.43 | -$49.57 | -$99.57 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$60.36 | -$110.36 | -$160.36 |
Breakeven move 0.6079%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 276 samples
Current
+0.004%
87 pct
Median
-0.107%
Average
-0.111%
P25 → P75
-0.181% … -0.034%
Range
-0.522% … +0.431%
Std dev
±0.138%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.2332
- Exchange Ticker
- SOONUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $7.80M
- 24h Vol
- $234.84K
SHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.2332
- Exchange Ticker
- SOONUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $1.83M
- 24h Vol
- $6.05M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short253 long / 257 short samples · 2 days · auto-refresh every 30s