SOXL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.374%higher than 87% of spread values(window 1D)
long $104.0805 · short $104.4700(long 1m / short 2m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $104.3550· long -0.3%· short +0.1%
Size per leg$= $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 0.37% 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 | +$37.43 | -$12.57 | -$62.57 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.13 | +$0.13 | +$0.13 |
| Net potential | +$12.80 | -$37.20 | -$87.20 |
Breakeven move 0.2463%·Tradeability: 1.5× 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 0.21% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 35 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 · 275 samples
Current
+0.374%
87 pct
Median
+0.201%
Average
+0.209%
P25 → P75
+0.109% … +0.304%
Range
-0.843% … +2.669%
Std dev
±0.281%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $104.0805
- Exchange Ticker
- SOXL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $719.74K
- 24h Vol
- $11.38M
SHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $104.4700
- Exchange Ticker
- SOXLUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +17.21%
- OI
- $53.62M
- 24h Vol
- $172.49M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short266 long / 226 short samples · 2 days · auto-refresh every 30s