SPY · Convergence Trade
Current Spread (mark)
updated 14s ago+0.141%higher than 75% of spread values(window 1D)
long $750.5300 · short $751.5900
Entry Spread (order book)+0.139%on $10,000
long $750.6000 · short $751.6399(average execution prices, not mark)
market median $751.9250· long -0.2%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.14% 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 | +$14.12 | -$35.88 | -$85.88 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$2.24 | −$2.24 | −$2.24 |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | +$4.86 | -$45.14 | -$95.14 |
Breakeven move 0.0926%·Tradeability: 1.5× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.10% (57% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.141%
75 pct
Median
+0.103%
Average
+0.098%
P25 → P75
+0.057% … +0.141%
Range
-0.339% … +0.258%
Std dev
±0.055%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $750.5300
- Exchange Ticker
- SPY-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $2.69M
- 24h Vol
- $1.21M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $751.5900
- Exchange Ticker
- SPY-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $41.10M
- 24h Vol
- $96.64M
269 long / 276 short samples · 2 days · auto-refresh every 30s