TLT · Convergence Trade
Sparse data (32% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.60% 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 0.11% 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 | +$10.87 | -$39.13 | -$89.13 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.68 | +$0.68 | +$0.68 |
| Net potential | -$48.88 | -$98.88 | -$148.88 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 8 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 141 samples
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon}
trade[XYZ](dex)- Mark Price
- $79.1240
- Exchange Ticker
- xyz:TLT
- Taker / Maker
- 0.09% / 0.03%
- Funding APR(1h)
- -53.70%
- OI
- $6.86M
- 24h Vol
- $910.16K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Phoenix(dex)- Mark Price
- $79.2100
- Exchange Ticker
- TLT
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +5.53%
- OI
- $104.87K
91 long / 71 short samples · 2 days · auto-refresh every 30s