SPX · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.031%higher than 60% of spread values(window 1D)
long $0.3220 · short $0.3221(long 3m / short 4m old)
Entry Spread (order book)-0.435%on $10,000
long $0.3234 · short $0.3220(average execution prices, not mark)
market median $0.3221· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, 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 0.03% 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 | +$3.11 | -$46.89 | -$96.89 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.45 | +$0.45 | +$0.45 |
| Net potential | -$12.44 | -$62.44 | -$112.44 |
Breakeven move 0.1555%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.12%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Current
+0.031%
60 pct
Median
+0.029%
Average
+0.027%
P25 → P75
-0.088% … +0.119%
Range
-1.048% … +1.632%
Std dev
±0.247%
tf
LONG
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.3220
- Exchange Ticker
- SPXUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -28.27%
- OI
- $3.06M
- 24h Vol
- $2.12M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $0.3221
- Exchange Ticker
- SPX_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $4.68M
- 24h Vol
- $2.17M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 254 short samples · 2 days · auto-refresh every 30s