TAO · Convergence Trade
Current Spread (mark)
updated 0s ago+0.032%higher than 81% of spread values(window 1D)
long $196.4107 · short $196.4744(long 3m / short 3m old)
Entry Spread (order book)-0.690%on $10,000
long $197.1897 · short $195.8298(average execution prices, not mark)
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$3.24 | -$46.76 | -$96.76 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$140.21 | −$140.21 | −$140.21 |
| Funding drag(est. 1h hold) | +$0.14 | +$0.14 | +$0.14 |
| Net potential | -$152.83 | -$202.83 | -$252.83 |
Breakeven move 1.5607%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 236 samples
Current
+0.032%
81 pct
Median
-0.004%
Average
-0.007%
P25 → P75
-0.036% … +0.024%
Range
-0.183% … +0.122%
Std dev
±0.048%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
dYdX(dex)
dYdX(dex)- Mark Price
- $196.4107
- Exchange Ticker
- TAO-USD
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +0.00%
- OI
- $74.59K
- 24h Vol
- $2.25K
SHORT
Ethereal(dex)
- Mark Price
- $196.4744
- Exchange Ticker
- TAOUSD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- +12.21%
- OI
- $4.87K
- 24h Vol
- $0.00
236 long / 236 short samples · 2 days · auto-refresh every 30s