ONDO · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.62% 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 0.08% 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 | +$7.95 | -$42.05 | -$92.05 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$41.06 | −$41.06 | −$41.06 |
| Funding drag(est. 1h hold) | +$0.22 | +$0.22 | +$0.22 |
| Net potential | -$53.89 | -$103.89 | -$153.89 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 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
- $0.5783
- Exchange Ticker
- ONDOUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $3.74M
- 24h Vol
- $6.05M
Hyperliquid(dex)- Mark Price
- $0.5788
- Exchange Ticker
- ONDO
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +30.54%
- OI
- $44.15M
- 24h Vol
- $28.71M
279 long / 279 short samples · 2 days · auto-refresh every 30s