SPY · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.24% 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 0.01% 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 | +$1.45 | -$48.55 | -$98.55 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$22.56 | -$72.56 | -$122.56 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.01% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 45 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 · 266 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.
Bitunix(cex)- Mark Price
- $759.8100
- Exchange Ticker
- SPYUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +0.77%
- 24h Vol
- $2.03M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Toobit(cex)- Mark Price
- $759.9200
- Exchange Ticker
- SPY-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $20.03K
- 24h Vol
- $28.94M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short256 long / 218 short samples · 2 days · auto-refresh every 30s