SPY · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.19% 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 0.07% 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 | +$6.81 | -$43.19 | -$93.19 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(orderbook) | −$10.12 | −$10.12 | −$10.12 |
| Funding drag(est. 1h hold) | −$0.04 | −$0.04 | −$0.04 |
| Net potential | -$12.35 | -$62.35 | -$112.35 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 6 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 · 282 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.
Lighter(dex)- Mark Price
- $778.3600
- Exchange Ticker
- SPY-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $6.17M
- 24h Vol
- $4.59M
TxFlow(dex)- Mark Price
- $778.8900
- Exchange Ticker
- SPY
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +0.44%
- OI
- $1.17M
- 24h Vol
- $801.58K
260 long / 244 short samples · 2 days · auto-refresh every 30s