SPY · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.18% 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 | +$3.12 | -$46.88 | -$96.88 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$14.99 | -$64.99 | -$114.99 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 53 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
Pionex(cex)- Mark Price
- $751.9382
- Exchange Ticker
- SPYX_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -1.38%
- OI
- $1.26M
- 24h Vol
- $1.85M
Aster(dex)- Mark Price
- $752.1725
- Exchange Ticker
- SPYUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(8h)
- +0.00%
- OI
- $952.57K
- 24h Vol
- $874.53K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short270 long / 273 short samples · 2 days · auto-refresh every 30s