SPY · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.031%higher than 4% of spread values(window 1D)
long $765.7400 · short $765.9800(long 2m / short 1m old)
Entry Spread (order book)+0.008%on $10,000
long $765.7349 · short $765.7931(average execution prices, not mark)
market median $766.6000· long -0.1%· short -0.1%
Size per leg$= $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 0.39% 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 | +$3.13 | -$46.87 | -$96.87 |
| Round-trip fees | −$28.00 | −$28.00 | −$28.00 |
| Slippage(orderbook) | −$11.27 | −$11.27 | −$11.27 |
| Funding drag(est. 1h hold) | +$0.65 | +$0.65 | +$0.65 |
| Net potential | -$35.49 | -$85.49 | -$135.49 |
Breakeven move 0.3862%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 250 samples
Current
+0.031%
4 pct
Median
+0.080%
Average
+0.087%
P25 → P75
+0.065% … +0.099%
Range
-0.027% … +0.292%
Std dev
±0.040%
tf
LONG
Kinetiq(dex)
Kinetiq(dex)- Mark Price
- $765.7400
- Exchange Ticker
- US500
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -14.68%
- OI
- $4.81M
- 24h Vol
- $3.14M
SHORT
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $765.9800
- Exchange Ticker
- SPYUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +42.34%
- OI
- $519.07K
- 24h Vol
- $92.41K
229 long / 163 short samples · 2 days · auto-refresh every 30s