SOXL · Convergence Trade
Current Spread (mark)
updated 49s ago+0.083%higher than 57% of spread values(window 1D)
long $55.9633 · short $56.0100
Entry Spread (order book)+0.087%on $10,000
long $55.9714 · short $56.0200(average execution prices, not mark)
market median $56.0110· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.16% 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 0.08% 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 | +$8.34 | -$41.66 | -$91.66 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.10 | −$0.10 | −$0.10 |
| Net potential | -$7.33 | -$57.33 | -$107.33 |
Breakeven move 0.1567%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.083%
57 pct
Median
+0.072%
Average
+0.068%
P25 → P75
+0.009% … +0.131%
Range
-1.476% … +1.374%
Std dev
±0.254%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $55.9633
- Exchange Ticker
- SOXL
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $1.89M
- 24h Vol
- $23.71M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $56.0100
- Exchange Ticker
- SOXLUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -8.72%
- OI
- $61.98M
- 24h Vol
- $334.52M
285 long / 282 short samples · 2 days · auto-refresh every 30s