SPACEX · Convergence Trade
Current Spread (mark)
updated 7s ago+0.051%higher than 71% of spread values(window 1D)
long $136.0100 · short $136.0800
Entry Spread (order book)+0.040%on $10,000
long $136.0200 · short $136.0745(average execution prices, not mark)
market median $136.1283· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.12% 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 0.05% 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 | +$5.15 | -$44.85 | -$94.85 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$5.31 | −$5.31 | −$5.31 |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$7.18 | -$57.18 | -$107.18 |
Breakeven move 0.1233%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 39 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 · 285 samples
Current
+0.051%
71 pct
Median
+0.039%
Average
+0.041%
P25 → P75
+0.023% … +0.055%
Range
-0.078% … +0.224%
Std dev
±0.032%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $136.0100
- Exchange Ticker
- SPCX-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $2.52M
- 24h Vol
- $16.91M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $136.0800
- Exchange Ticker
- SPCX-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $4.46M
- 24h Vol
- $6.60M
284 long / 285 short samples · 2 days · auto-refresh every 30s