XAU · Convergence Trade
Current Spread (mark)
updated 38s ago+0.292%higher than 87% of spread values(window 1D)
long $3,945.19 · short $3,956.7
Entry Spread (order book)-0.176%on $10,000
long $3,958.85 · short $3,951.87(average execution prices, not mark)
market median $3,956.84· long -0.3%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.29%, but entry and exit cost 0.93% 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 0.29% 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 | +$29.17 | -$20.83 | -$70.83 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$82.43 | −$82.43 | −$82.43 |
| Funding drag(est. 1h hold) | +$4.69 | +$4.69 | +$4.69 |
| Net potential | -$63.57 | -$113.57 | -$163.57 |
Breakeven move 0.9274%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~12min–~36min)
Exit target: spread compresses to the median 0.24% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 24 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 · 282 samples
Current
+0.292%
87 pct
Median
+0.238%
Average
+0.228%
P25 → P75
+0.198% … +0.276%
Range
-0.837% … +0.385%
Std dev
±0.111%
tf
LONG
Bluefin(dex)
Bluefin(dex)- Mark Price
- $3,945.19
- Exchange Ticker
- GOLD-PERP
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- -14.38%
- OI
- $18.82K
- 24h Vol
- $4.54K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $3,956.7
- Exchange Ticker
- GOLD-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +396.32%
- OI
- $260.87K
- 24h Vol
- $60.54K
282 long / 282 short samples · 2 days · auto-refresh every 30s