XRP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.135%higher than 11% of spread values(window 1D)
long $1.3100 · short $1.3082(long 13s / short 3m old)
Entry Spread (order book)-0.061%on $10,000
long $1.3094 · short $1.3086(average execution prices, not mark)
market median $1.3090· long +0.1%· short -0.1%
⚠ Spread is inverted — Backpack is cheaper than Hyperliquid. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.135%
11 pct
Median
-0.110%
Average
-0.110%
P25 → P75
-0.124% … -0.095%
Range
-0.265% … +0.000%
Std dev
±0.029%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1.3100
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $221.71M
- 24h Vol
- $61.34M
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $1.3082
- Exchange Ticker
- XRP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- 24h Vol
- $207.45K
282 long / 282 short samples · 2 days · auto-refresh every 30s