TAO · Convergence Trade
Current Spread (mark)
updated 0s ago+0.187%higher than 37% of spread values(window 1D)
long $195.3352 · short $195.7000(long 1m / short 1m old)
Entry Spread (order book)+0.028%on $10,000
long $195.6134 · short $195.6684(average execution prices, not mark)
Profit Calculator
Three scenarios: the current spread 0.19% 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 | +$18.67 | -$31.33 | -$81.33 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$11.68 | −$11.68 | −$11.68 |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$7.03 | -$57.03 | -$107.03 |
Breakeven move 0.2570%·Tradeability: 0.7× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 236 samples
Current
+0.187%
37 pct
Median
+0.194%
Average
+0.192%
P25 → P75
+0.173% … +0.211%
Range
+0.053% … +0.342%
Std dev
±0.039%
Size$
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
Extended(dex)
Extended(dex)- Mark Price
- $195.3352
- Exchange Ticker
- TAO-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +12.26%
- OI
- $613.51K
- 24h Vol
- $107.80K
SHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $195.7000
- Exchange Ticker
- TAO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.95%
- OI
- $32.60M
- 24h Vol
- $4.76M
234 long / 235 short samples · 2 days · auto-refresh every 30s