XAU · Convergence Trade
Current Spread (mark)
updated 1m ago+0.034%higher than 71% of spread values(window 1D)
long $3,886.01 · short $3,887.34(long 1m / short 28s old)
Entry Spread (order book)+0.017%on $10,000
long $3,886.01 · short $3,886.66(average execution prices, not mark)
market median $3,886· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.22% 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 0.03% 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 | +$3.41 | -$46.59 | -$96.59 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$2.04 | −$2.04 | −$2.04 |
| Funding drag(est. 1h hold) | −$0.04 | −$0.04 | −$0.04 |
| Net potential | -$18.67 | -$68.67 | -$118.67 |
Breakeven move 0.2208%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 68 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 · 284 samples
Current
+0.034%
71 pct
Median
+0.028%
Average
+0.028%
P25 → P75
+0.020% … +0.035%
Range
-0.048% … +0.128%
Std dev
±0.016%
tf
LONG
Pionex(cex)
Pionex(cex)- Mark Price
- $3,886.01
- Exchange Ticker
- XAU_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +3.13%
- OI
- $6.36M
- 24h Vol
- $4.81M
SHORT
HTX(cex)
HTX(cex)- Mark Price
- $3,887.34
- Exchange Ticker
- XAU-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +0.00%
- OI
- $1.79M
- 24h Vol
- $4.85M
283 long / 284 short samples · 2 days · auto-refresh every 30s