TSLA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 6m old+0.037%higher than 51% of spread values(window 1D)
long $404.3000 · short $404.4500(long 6m / short 5m old)
Entry Spread (order book)+0.004%on $10,000
long $404.2519 · short $404.2700(average execution prices, not mark)
market median $404.6700· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.15% 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 0.04% 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 | +$3.71 | -$46.29 | -$96.29 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | -$11.29 | -$61.29 | -$111.29 |
Breakeven move 0.1500%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.05%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.037%
51 pct
Median
+0.037%
Average
+0.039%
P25 → P75
+0.010% … +0.073%
Range
-0.373% … +0.299%
Std dev
±0.069%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $404.3000
- Exchange Ticker
- TSLA-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $1.24M
- 24h Vol
- $4.49M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Polymarket(dex)
Polymarket(dex)- Mark Price
- $404.4500
- Exchange Ticker
- TSLA-USD
- Taker / Maker
- 0.04% / 0.0125%
- Funding APR(1h)
- +5.48%
- OI
- $473.65K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short239 long / 257 short samples · 2 days · auto-refresh every 30s