ORCA · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.42% 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 | +$41.84 | -$8.16 | -$58.16 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.50 | +$0.50 | +$0.50 |
| Net potential | +$25.34 | -$24.66 | -$74.66 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.21% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 10 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 219 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.
Extended(dex)- Mark Price
- $1.0665
- Exchange Ticker
- ORCA-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- -33.29%
- OI
- $3.60K
- 24h Vol
- $132.74K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bitget(cex)- Mark Price
- $1.0710
- Exchange Ticker
- ORCAUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $511.60K
- 24h Vol
- $122.82K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short192 long / 191 short samples · 2 days · auto-refresh every 30s