ORCA · Convergence Trade
Current Spread
updated 0s ago+0.085%higher than 69% of spread values(window 1D)
long $1.1820 · short $1.1830(long 2m / short 47s old)
market median $1.1825· long -0.0%· short +0.0%
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$8.46 | -$41.54 | -$91.54 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$12.37 | −$12.37 | −$12.37 |
| Net potential | -$90.84 | -$140.84 | -$190.84 |
Breakeven move 0.9930%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 274 samples
Current
+0.085%
69 pct
Median
+0.000%
Average
+0.010%
P25 → P75
+0.000% … +0.085%
Range
-0.342% … +0.257%
Std dev
±0.090%
Size$
chart range
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LONG
Bitunix(cex)
Bitunix(cex)- Mark Price
- $1.1820
- Exchange Ticker
- ORCAUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- +1095.00%
- 24h Vol
- $123.61K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $1.1830
- Exchange Ticker
- ORCA-USDT
- Taker / Maker
- 5 / 2 bps
- Funding APR(4h)
- +10.95%
- OI
- $2.84M
- 24h Vol
- $6.57M
242 long / 238 short samples · 2 days · auto-refresh every 30s