TAO · Convergence Trade
Current Spread (mark)
updated 1m ago+0.010%higher than 58% of spread values(window 1D)
long $206.6900 · short $206.7100(long 36s / short 1m old)
Entry Spread (order book)-0.018%on $10,000
long $206.6983 · short $206.6600(average execution prices, not mark)
market median $206.7050· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.26% 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 0.01% 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 | +$0.97 | -$49.03 | -$99.03 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$10.27 | −$10.27 | −$10.27 |
| Funding drag(est. 1h hold) | +$0.06 | +$0.06 | +$0.06 |
| Net potential | -$25.24 | -$75.24 | -$125.24 |
Breakeven move 0.2621%·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 · 285 samples
Current
+0.010%
58 pct
Median
+0.000%
Average
-0.007%
P25 → P75
-0.033% … +0.033%
Range
-0.627% … +0.210%
Std dev
±0.090%
tf
LONG
Phemex(cex)
Phemex(cex)- Mark Price
- $206.6900
- Exchange Ticker
- TAOUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- -5.16%
- OI
- $2.32M
- 24h Vol
- $7.44M
SHORT
MEXC(cex)
MEXC(cex)- Mark Price
- $206.7100
- Exchange Ticker
- TAO_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- +0.44%
- OI
- $60.24M
- 24h Vol
- $40.68M
285 long / 282 short samples · 2 days · auto-refresh every 30s