TAO · Convergence Trade
Current Spread (mark)
updated 1m ago+0.057%higher than 37% of spread values(window 1D)
long $207.4225 · short $207.5400(long 37s / short 1m old)
Entry Spread (order book)-0.056%on $10,000
long $207.4970 · short $207.3800(average execution prices, not mark)
market median $207.4950· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.11% 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 0.06% 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 | +$5.66 | -$44.34 | -$94.34 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.11 | −$0.11 | −$0.11 |
| Net potential | -$4.93 | -$54.93 | -$104.93 |
Breakeven move 0.1059%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.057%
37 pct
Median
+0.079%
Average
+0.084%
P25 → P75
+0.034% … +0.131%
Range
-0.608% … +0.697%
Std dev
±0.113%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $207.4225
- Exchange Ticker
- TAO
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- +10.96%
- OI
- $1.13M
- 24h Vol
- $1.35M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $207.5400
- Exchange Ticker
- TAO_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +1.54%
- OI
- $1.29M
- 24h Vol
- $2.43M
282 long / 280 short samples · 2 days · auto-refresh every 30s