TSLA · Convergence Trade
Current Spread (mark)
updated 1m ago+0.002%higher than 61% of spread values(window 1D)
long $388.5100 · short $388.5183(long 1m / short 1m old)
Entry Spread (order book)-2.119%on $10,000
long $396.8600 · short $388.4500(average execution prices, not mark)
market median $389.2250· long -0.2%· short -0.2%
Size per leg$= $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 0.10% 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 | +$0.21 | -$49.79 | -$99.79 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$3.32 | −$3.32 | −$3.32 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$10.09 | -$60.09 | -$110.09 |
Breakeven move 0.1030%·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
+0.002%
61 pct
Median
-0.008%
Average
-0.016%
P25 → P75
-0.036% … +0.015%
Range
-0.825% … +1.187%
Std dev
±0.134%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $388.5100
- Exchange Ticker
- TSLA-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $3.48M
- 24h Vol
- $8.82M
SHORT
Ondo(dex)
Ondo(dex)- Mark Price
- $388.5183
- Exchange Ticker
- TSLA-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $914.49K
- 24h Vol
- $4.69M
265 long / 247 short samples · 2 days · auto-refresh every 30s