SPY · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.25% 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 0.12% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$11.64 | -$38.36 | -$88.36 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.32 | +$0.32 | +$0.32 |
| Net potential | -$13.68 | -$63.68 | -$113.68 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 27 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 · 246 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.
KuCoin(cex)- Mark Price
- $773.5100
- Exchange Ticker
- SPYUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -17.09%
- OI
- $4.03M
- 24h Vol
- $1.38M
WOOFi Pro(dex)- Mark Price
- $774.4100
- Exchange Ticker
- PERP_SPY_USDC_mythos
- Taker / Maker
- 0.03% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $831.72
- 24h Vol
- $611.81
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short232 long / 230 short samples · 2 days · auto-refresh every 30s