XAU · Convergence Trade
Current Spread (mark)
updated 36s ago+0.239%higher than 93% of spread values(window 1D)
long $3,884.68 · short $3,893.99
Entry Spread (order book)+0.211%on $10,000
long $3,884.93 · short $3,893.12(average execution prices, not mark)
market median $3,890.81· long -0.2%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.24% 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 | +$23.95 | -$26.05 | -$76.05 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$3.40 | −$3.40 | −$3.40 |
| Funding drag(est. 1h hold) | +$0.09 | +$0.09 | +$0.09 |
| Net potential | +$13.64 | -$36.36 | -$86.36 |
Breakeven move 0.1031%·Tradeability: 2.3× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.19% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 31 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 · 285 samples
Current
+0.239%
93 pct
Median
+0.187%
Average
+0.178%
P25 → P75
+0.162% … +0.208%
Range
-0.234% … +0.400%
Std dev
±0.064%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $3,884.68
- Exchange Ticker
- XAU-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $14.57M
- 24h Vol
- $22.51M
SHORT
BULK(dex)
BULK(dex)- Mark Price
- $3,893.99
- Exchange Ticker
- PAXG-USD
- Taker / Maker
- 0.035% / 0%
- Funding APR(1h)
- +10.96%
- OI
- $1.31M
- 24h Vol
- $246.90K
285 long / 285 short samples · 2 days · auto-refresh every 30s