XAU · Convergence Trade
Current Spread (mark)
updated 1m ago+0.124%higher than 92% of spread values(window 1D)
long $3,881.38 · short $3,886.18(long 52s / short 1m old)
Entry Spread (order book)-0.244%on $10,000
long $3,895.67 · short $3,886.16(average execution prices, not mark)
market median $3,886· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.12% 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 | +$12.37 | -$37.63 | -$87.63 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$1.54 | −$1.54 | −$1.54 |
| Funding drag(est. 1h hold) | −$0.04 | −$0.04 | −$0.04 |
| Net potential | +$0.79 | -$49.21 | -$99.21 |
Breakeven move 0.1158%·Tradeability: 1.1× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~30min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 19 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
+0.124%
92 pct
Median
+0.096%
Average
+0.094%
P25 → P75
+0.083% … +0.109%
Range
-0.028% … +0.157%
Std dev
±0.024%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $3,881.38
- Exchange Ticker
- XAU-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $11.34M
- 24h Vol
- $24.64M
SHORT
grvt(dex)
grvt(dex)- Mark Price
- $3,886.18
- Exchange Ticker
- XAU_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $924.36K
- 24h Vol
- $2.65M
285 long / 285 short samples · 2 days · auto-refresh every 30s