OP · Convergence Trade
Current Spread
updated 0s ago+0.213%higher than 23% of spread values(window 1D)
long $0.09600 · short $0.09620(long 1m / short 3m old)
market median $0.09612· long -0.1%· short +0.1%
Profit Calculator
Three scenarios: the current spread 0.21% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$21.33 | -$28.67 | -$78.67 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.35 | +$0.35 | +$0.35 |
| Net potential | +$9.68 | -$40.32 | -$90.32 |
Breakeven move 0.1165%·Tradeability: 1.8× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.30%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.213%
23 pct
Median
+0.294%
Average
+0.278%
P25 → P75
+0.224% … +0.347%
Range
-0.661% … +0.636%
Std dev
±0.161%
Size$
chart range
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LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $0.09600
- Exchange Ticker
- OP-USDC
- Taker / Maker
- 0 / 0 bps
- Funding APR(1h)
- -20.15%
- OI
- $318.71K
- 24h Vol
- $127.69K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BitMart(cex)
BitMart(cex)- Mark Price
- $0.09620
- Exchange Ticker
- OPUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- +10.95%
- OI
- $25.30M
- 24h Vol
- $8.02M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short276 long / 191 short samples · 1 day · auto-refresh every 30s