ORCA · Convergence Trade
Profit Calculator
Three scenarios: the current spread 0.14% 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 | +$13.82 | -$36.18 | -$86.18 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.55 | +$0.55 | +$0.55 |
| Net potential | -$2.63 | -$52.63 | -$102.63 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 286 comparable episodes over 7D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 7d · 1,826 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
- $1.0575
- Exchange Ticker
- ORCA-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- -36.79%
- OI
- $4.30K
- 24h Vol
- $117.90K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bitget(cex)- Mark Price
- $1.0590
- Exchange Ticker
- ORCAUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $510.70K
- 24h Vol
- $108.03K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1588 long / 1578 short samples · 8 days · auto-refresh every 30s