XAU · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.33% 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 0.02% 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 | +$2.20 | -$47.80 | -$97.80 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$13.30 | −$13.30 | −$13.30 |
| Funding drag(est. 1h hold) | +$0.10 | +$0.10 | +$0.10 |
| Net potential | -$31.00 | -$81.00 | -$131.00 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.02% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 26 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 · 281 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Phemex(cex)- Mark Price
- $4,265.28
- Exchange Ticker
- XAUUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +0.00%
- OI
- $2.25M
- 24h Vol
- $33.02K
Aster(dex)- Mark Price
- $4,266.22
- Exchange Ticker
- XAUUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +8.49%
- OI
- $4.81M
- 24h Vol
- $2.65M
278 long / 280 short samples · 2 days · auto-refresh every 30s