XRP · Convergence Trade
Current Spread (mark)
updated 1m ago+0.056%higher than 83% of spread values(window 1D)
long $0.9897 · short $0.9902(long 1m / short 2s old)
Entry Spread (order book)-0.030%on $10,000
long $0.9903 · short $0.9900(average execution prices, not mark)
market median $0.9900· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.16% 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 | +$5.56 | -$44.44 | -$94.44 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$6.06 | −$6.06 | −$6.06 |
| Funding drag(est. 1h hold) | +$0.31 | +$0.31 | +$0.31 |
| Net potential | -$10.19 | -$60.19 | -$110.19 |
Breakeven move 0.1575%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 68 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 · 284 samples
Current
+0.056%
83 pct
Median
-0.005%
Average
-0.002%
P25 → P75
-0.044% … +0.035%
Range
-0.305% … +0.679%
Std dev
±0.095%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.9897
- Exchange Ticker
- XRP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -16.01%
- OI
- $877.10K
- 24h Vol
- $1.35M
SHORT
Variational(dex)
Variational(dex)- Mark Price
- $0.9902
- Exchange Ticker
- XRP
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $2.34M
- 24h Vol
- $8.07M
284 long / 284 short samples · 2 days · auto-refresh every 30s