TQQQ · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.003%higher than 52% of spread values(window 1D)
long $56.5585 · short $56.5600(long 3m / short 4m old)
Entry Spread (order book)-0.033%on $10,000
long $56.5685 · short $56.5500(average execution prices, not mark)
market median $56.5700· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.00%, but entry and exit cost 0.25% 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 0.00% 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 | +$0.26 | -$49.74 | -$99.74 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.29 | +$0.29 | +$0.29 |
| Net potential | -$24.98 | -$74.98 | -$124.98 |
Breakeven move 0.2524%·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 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.003%
52 pct
Median
+0.000%
Average
-0.021%
P25 → P75
-0.047% … +0.039%
Range
-1.255% … +1.338%
Std dev
±0.241%
tf
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $56.5585
- Exchange Ticker
- TQQQUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +0.00%
- OI
- $29.44M
- 24h Vol
- $181.21M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $56.5600
- Exchange Ticker
- TQQQUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- +25.00%
- OI
- $7.90M
- 24h Vol
- $17.02M
258 long / 253 short samples · 2 days · auto-refresh every 30s