XAU · Convergence Trade
Current Spread (mark)
updated 24s ago+0.306%higher than 95% of spread values(window 1D)
long $4,175.9 · short $4,188.7
Entry Spread (order book)-0.016%on $10,000
long $4,186.26 · short $4,185.58(average execution prices, not mark)
market median $4,188.77· long -0.3%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.31%, but entry and exit cost 0.34% 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 0.31% 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 | +$30.65 | -$19.35 | -$69.35 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$19.17 | −$19.17 | −$19.17 |
| Funding drag(est. 1h hold) | +$0.29 | +$0.29 | +$0.29 |
| Net potential | -$3.23 | -$53.23 | -$103.23 |
Breakeven move 0.3388%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~1.8htypical time to exit(usually ~1.3h–~2.4h)
Exit target: spread compresses to the median 0.20% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 5 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 · 283 samples
Current
+0.306%
95 pct
Median
+0.197%
Average
+0.207%
P25 → P75
+0.145% … +0.233%
Range
+0.038% … +0.798%
Std dev
±0.124%
tf
LONG
Phoenix(dex)
Phoenix(dex)- Mark Price
- $4,175.9
- Exchange Ticker
- GOLD
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +1.26%
- OI
- $92.12K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $4,188.7
- Exchange Ticker
- GOLD-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +26.66%
- OI
- $76.44K
- 24h Vol
- $26.04K
283 long / 283 short samples · 1 day · auto-refresh every 30s