ONDO · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+1.608%higher than 100% of spread values(window 1D)
long $0.5696 · short $0.5788(long 1m / short 9s old)
Entry Spread (order book)+0.168%on $10,000
long $0.5772 · short $0.5782(average execution prices, not mark)
market median $0.5763· long -1.2%· short +0.4%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 1.61% 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 | +$160.81 | +$110.81 | +$60.81 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(orderbook) | −$6.48 | −$6.48 | −$6.48 |
| Funding drag(est. 1h hold) | +$0.22 | +$0.22 | +$0.22 |
| Net potential | +$129.55 | +$79.55 | +$29.55 |
Breakeven move 0.3126%·Tradeability: 5.1× round-trip cost · acceptable margin
⏱ Hold time (estimated from history)
Not enough comparable episodes in the 1D history to estimate timing — pick a larger window (7D / 30D) where the spread has been this wide before.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+1.608%
100 pct
Median
+0.096%
Average
+0.096%
P25 → P75
+0.051% … +0.147%
Range
-0.748% … +0.581%
Std dev
±0.119%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
Loading Price Spread…
Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
WEEX(cex)
WEEX(cex)- Mark Price
- $0.5696
- Exchange Ticker
- ONDOUSDT
- Taker / Maker
- 0.08% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $67.03M
- 24h Vol
- $22.96M
SHORT
Hyperliquid(dex)
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
280 long / 279 short samples · 2 days · auto-refresh every 30s