XRP · Convergence Trade
Current Spread (mark)
updated 1m ago+0.084%higher than 92% of spread values(window 1D)
long $0.9077 · short $0.9085(long 1m / short 6s old)
Entry Spread (order book)-0.019%on $10,000
long $0.9087 · short $0.9085(average execution prices, not mark)
market median $0.9093· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.25% 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 0.08% 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 | +$8.35 | -$41.65 | -$91.65 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$5.80 | −$5.80 | −$5.80 |
| Funding drag(est. 1h hold) | +$0.02 | +$0.02 | +$0.02 |
| Net potential | -$16.43 | -$66.43 | -$116.43 |
Breakeven move 0.2478%·Tradeability: 0.3× 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 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 34 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 · 285 samples
Current
+0.084%
92 pct
Median
-0.001%
Average
+0.006%
P25 → P75
-0.026% … +0.026%
Range
-0.329% … +0.385%
Std dev
±0.074%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.9077
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -4.33%
- OI
- $73.83M
- 24h Vol
- $179.99M
SHORT
grvt(dex)
grvt(dex)- Mark Price
- $0.9085
- Exchange Ticker
- XRP_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(8h)
- -2.96%
- OI
- $560.26K
- 24h Vol
- $38.91M
285 long / 285 short samples · 2 days · auto-refresh every 30s