SPY · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.000%higher than 14% of spread values(window 1D)
long $766.8900 · short $766.8900(long 1m / short 5m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $767.5500· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.32% 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 0.00% 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 | +$0.00 | -$50.00 | -$100.00 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.07 | +$0.07 | +$0.07 |
| Net potential | -$32.22 | -$82.22 | -$132.22 |
Breakeven move 0.3222%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 251 samples
Current
+0.000%
14 pct
Median
+0.042%
Average
+0.042%
P25 → P75
+0.017% … +0.070%
Range
-0.127% … +0.143%
Std dev
±0.038%
tf
LONG
Kinetiq(dex)
Kinetiq(dex)- Mark Price
- $766.8900
- Exchange Ticker
- US500
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -0.53%
- OI
- $2.14M
- 24h Vol
- $585.68K
SHORT
Ondo(dex)
Ondo(dex)- Mark Price
- $766.8900
- Exchange Ticker
- SPY-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $5.69M
- 24h Vol
- $1.04M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short213 long / 219 short samples · 2 days · auto-refresh every 30s