XRP · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.21% 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 0.06% 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 | +$6.21 | -$43.79 | -$93.79 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$1.56 | −$1.56 | −$1.56 |
| Funding drag(est. 1h hold) | −$0.11 | −$0.11 | −$0.11 |
| Net potential | -$14.46 | -$64.46 | -$114.46 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — 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
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.
Backpack(cex)- Mark Price
- $1.2892
- Exchange Ticker
- XRP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +1.11%
- OI
- $1.19M
- 24h Vol
- $205.74K
Hyperliquid(dex)- Mark Price
- $1.2900
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -8.68%
- OI
- $221.70M
- 24h Vol
- $45.72M
285 long / 285 short samples · 2 days · auto-refresh every 30s