ORCL · Convergence Trade
Current Spread
updated 0s ago+0.004%higher than 60% of spread values(window 1D)
long $126.6200 · short $126.6255(long 5m / short 5m old)
market median $126.6550· long -0.0%· short -0.0%
Profit Calculator
Three scenarios: the current spread 0.00% 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 | +$0.44 | -$49.56 | -$99.56 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.12 | +$0.12 | +$0.12 |
| Net potential | -$11.44 | -$61.44 | -$111.44 |
Breakeven move 0.1188%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.07%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Current
+0.004%
60 pct
Median
-0.033%
Average
-0.041%
P25 → P75
-0.125% … +0.048%
Range
-0.599% … +0.422%
Std dev
±0.136%
Size$
chart range
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LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $126.6200
- Exchange Ticker
- ORCL-USDC
- Taker / Maker
- 0 / 0 bps
- Funding APR(1h)
- +3.50%
- OI
- $413.66K
- 24h Vol
- $124.90K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BitMart(cex)
BitMart(cex)- Mark Price
- $126.6255
- Exchange Ticker
- ORCLUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- +14.38%
- OI
- $479.24K
- 24h Vol
- $1.60M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short267 long / 249 short samples · 1 day · auto-refresh every 30s