ORDI · Convergence Trade
Current Spread
updated 0s ago+0.215%higher than 88% of spread values(window 1D)
long $3.6690 · short $3.6769(long 8m / short 9m old)
market median $3.6625· long +0.2%· short +0.4%
Profit Calculator
Three scenarios: the current spread 0.22% 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 | +$21.53 | -$28.47 | -$78.47 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$0.30 | −$0.30 | −$0.30 |
| Net potential | -$2.77 | -$52.77 | -$102.77 |
Breakeven move 0.2430%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.11% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 54 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 243 samples
Current
+0.215%
88 pct
Median
-0.025%
Average
-0.026%
P25 → P75
-0.130% … +0.072%
Range
-1.120% … +1.233%
Std dev
±0.264%
Size$
chart range
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LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $3.6690
- Exchange Ticker
- ORDIUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- +10.95%
- OI
- $2.37M
- 24h Vol
- $3.62M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $3.6769
- Exchange Ticker
- ORDIUSDTM
- Taker / Maker
- 6 / 2 bps
- Funding APR(4h)
- -15.11%
- OI
- $1.32M
- 24h Vol
- $1.40M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short189 long / 174 short samples · 2 days · auto-refresh every 30s