CRCL · Convergence Trade
Current Spread (mark)
updated 32s ago+0.059%higher than 48% of spread values(window 1D)
long $60.4894 · short $60.5250
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $60.5700· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.10% 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 0.06% 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 | +$5.89 | -$44.11 | -$94.11 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.02 | −$0.02 | −$0.02 |
| Net potential | -$4.44 | -$54.44 | -$104.44 |
Breakeven move 0.1033%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.059%
48 pct
Median
+0.060%
Average
+0.063%
P25 → P75
+0.027% … +0.093%
Range
-0.416% … +0.779%
Std dev
±0.095%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $60.4894
- Exchange Ticker
- CRCL-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- +5.52%
- OI
- $1.44M
- 24h Vol
- $3.20M
SHORT
Lighter(dex)
Lighter(dex)- Mark Price
- $60.5250
- Exchange Ticker
- CRCL-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $1.26M
- 24h Vol
- $4.41M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 285 short samples · 2 days · auto-refresh every 30s