ORCL · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.011%higher than 82% of spread values(window 1D)
long $123.5970 · short $123.6100(long 5m / short 4m old)
Entry Spread (order book)-0.058%on $10,000
long $123.6570 · short $123.5850(average execution prices, not mark)
market median $123.6900· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost -0.00% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.01% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$1.05 | -$48.95 | -$98.95 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.04 | +$0.04 | +$0.04 |
| Net potential | +$1.09 | -$48.91 | -$98.91 |
Breakeven move -0.0004%·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 0.06%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.011%
82 pct
Median
-0.047%
Average
-0.048%
P25 → P75
-0.088% … -0.011%
Range
-1.029% … +0.582%
Std dev
±0.132%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $123.5970
- Exchange Ticker
- ORCL
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +0.00%
- OI
- $639.70K
- 24h Vol
- $290.40K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $123.6100
- Exchange Ticker
- ORCL-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +3.51%
- OI
- $502.13K
- 24h Vol
- $382.11K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short251 long / 257 short samples · 2 days · auto-refresh every 30s