SPY · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.21% 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 | +$20.71 | -$29.29 | -$79.29 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.01 | −$0.01 | −$0.01 |
| Net potential | -$4.35 | -$54.35 | -$104.35 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.24%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,758 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.
Ondo(dex)- Mark Price
- $772.6700
- Exchange Ticker
- SPY-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -18.57%
- OI
- $2.45M
- 24h Vol
- $481.31K
BloFin(cex)- Mark Price
- $774.2700
- Exchange Ticker
- SPY-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -19.60%
- OI
- $403.33K
- 24h Vol
- $271.68K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1600 long / 1593 short samples · 8 days · auto-refresh every 30s