XRP · Convergence Trade
Current Spread (mark)
updated 37s ago+0.009%higher than 56% of spread values(window 1D)
long $0.9890 · short $0.9891
Entry Spread (order book)+0.172%on $10,000
long $0.9893 · short $0.9910(average execution prices, not mark)
market median $0.9894· long -0.0%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, 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 0.01% 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 | +$0.91 | -$49.09 | -$99.09 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$1.96 | −$1.96 | −$1.96 |
| Funding drag(est. 1h hold) | +$0.23 | +$0.23 | +$0.23 |
| Net potential | -$19.82 | -$69.82 | -$119.82 |
Breakeven move 0.2073%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.009%
56 pct
Median
+0.000%
Average
+0.002%
P25 → P75
-0.024% … +0.030%
Range
-0.449% … +0.306%
Std dev
±0.067%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.9890
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -16.86%
- OI
- $87.36M
- 24h Vol
- $92.38M
SHORT
Pionex(cex)
Pionex(cex)- Mark Price
- $0.9891
- Exchange Ticker
- XRP_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +3.61%
- OI
- $10.69M
- 24h Vol
- $8.47M
284 long / 282 short samples · 2 days · auto-refresh every 30s