XRP · Convergence Trade
Current Spread (mark)
updated 55s ago+0.041%higher than 41% of spread values(window 1D)
long $0.9907 · short $0.9911
Entry Spread (order book)-0.038%on $10,000
long $0.9906 · short $0.9902(average execution prices, not mark)
market median $0.9914· long -0.1%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.37% 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 0.04% 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 | +$4.05 | -$45.95 | -$95.95 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$18.50 | −$18.50 | −$18.50 |
| Funding drag(est. 1h hold) | +$0.43 | +$0.43 | +$0.43 |
| Net potential | -$33.02 | -$83.02 | -$133.02 |
Breakeven move 0.3707%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.041%
41 pct
Median
+0.062%
Average
+0.060%
P25 → P75
-0.021% … +0.131%
Range
-0.979% … +0.750%
Std dev
±0.170%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.9907
- Exchange Ticker
- XRP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -15.04%
- OI
- $852.06K
- 24h Vol
- $1.34M
SHORT
Aftermath(dex)
Aftermath(dex)- Mark Price
- $0.9911
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / -0.005%
- Funding APR(1h)
- +22.74%
- OI
- $27.98K
- 24h Vol
- $281.62K
285 long / 285 short samples · 2 days · auto-refresh every 30s