ORCA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-2.075%higher than 1% of spread values(window 1D)
long $3.0697 · short $3.0060(long 1m / short 4m old)
Entry Spread (order book)-0.763%on $10,000
long $3.0785 · short $3.0550(average execution prices, not mark)
market median $3.0639· long +0.2%· short -1.9%
⚠ Spread is inverted — Toobit is cheaper than Bybit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-2.075%
1 pct
Median
-0.422%
Average
-0.374%
P25 → P75
-0.719% … -0.117%
Range
-3.800% … +4.581%
Std dev
±0.846%
Size per leg$= $20,000 total
chart range
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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
Bybit(cex)
Bybit(cex)- Mark Price
- $3.0697
- Exchange Ticker
- ORCAUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -520.47%
- OI
- $9.73M
- 24h Vol
- $99.32M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $3.0060
- Exchange Ticker
- ORCA-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -189.34%
- OI
- $17.00M
- 24h Vol
- $45.46M
257 long / 267 short samples · 2 days · auto-refresh every 30s