SP500 · Convergence Trade
Current Spread (mark)
updated 40s ago+0.064%higher than 87% of spread values(window 1D)
long $7,537.25 · short $7,542.1
Entry Spread (order book)order book loading (~30s) — refresh to see it
Size per leg$= $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 0.06% 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 | +$6.43 | -$43.57 | -$93.57 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | +$3.74 | -$46.26 | -$96.26 |
Breakeven move 0.0269%·Tradeability: 2.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.05% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 27 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
+0.064%
87 pct
Median
-0.006%
Average
-0.011%
P25 → P75
-0.078% … +0.041%
Range
-0.160% … +0.203%
Std dev
±0.071%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $7,537.25
- Exchange Ticker
- US500S
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $27.11M
- 24h Vol
- $178.36M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $7,542.1
- Exchange Ticker
- US500-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.32M
- 24h Vol
- $6.95M
284 long / 284 short samples · 2 days · auto-refresh every 30s