SPACEX · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.19% 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 | +$8.02 | -$41.98 | -$91.98 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(orderbook) | −$11.62 | −$11.62 | −$11.62 |
| Funding drag(est. 1h hold) | +$0.47 | +$0.47 | +$0.47 |
| Net potential | -$11.13 | -$61.13 | -$111.13 |
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.01% (60% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Lighter Robinhood(dex)- Mark Price
- $149.6000
- Exchange Ticker
- SPCX-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $2.67M
- 24h Vol
- $4.54M
Coinbase International(cex)- Mark Price
- $149.7200
- Exchange Ticker
- SPCX-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +44.71%
- OI
- $1.04M
- 24h Vol
- $43.42K
278 long / 278 short samples · 2 days · auto-refresh every 30s