SOXL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.288%higher than 76% of spread values(window 1D)
long $104.3100 · short $104.6100(long 47s / short 5m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $104.3600· long -0.0%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.29% 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 | +$28.76 | -$21.24 | -$71.24 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.45 | +$0.45 | +$0.45 |
| Net potential | +$5.02 | -$44.98 | -$94.98 |
Breakeven move 0.2374%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~30min)
Exit target: spread compresses to the median 0.19% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 36 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 · 246 samples
Current
+0.288%
76 pct
Median
+0.126%
Average
+0.164%
P25 → P75
+0.045% … +0.281%
Range
-1.894% … +2.467%
Std dev
±0.342%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $104.3100
- Exchange Ticker
- SOXLUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -3.31%
- OI
- $61.02K
- 24h Vol
- $768.49K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $104.6100
- Exchange Ticker
- SOXLUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +35.83%
- OI
- $67.65M
- 24h Vol
- $315.74M
218 long / 189 short samples · 2 days · auto-refresh every 30s