XRP · Convergence Trade
Current Spread
updated 0s ago+0.124%higher than 97% of spread values(window 1D)
long $1.1522 · short $1.1536(long 6s / short 1m old)
market median $1.1532· long -0.1%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.12% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$12.37 | -$37.63 | -$87.63 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(not modeled) | — | — | — |
| Funding drag(est. 1h hold) | +$0.93 | +$0.93 | +$0.93 |
| Net potential | +$1.85 | -$48.15 | -$98.15 |
Breakeven move 0.1052%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 21 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.124%
97 pct
Median
+0.013%
Average
+0.004%
P25 → P75
-0.013% … +0.032%
Range
-0.424% … +0.385%
Std dev
±0.073%
Size$
chart range
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LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $1.1522
- Exchange Ticker
- XRP-USDC
- Taker / Maker
- 0 / 0 bps
- Funding APR(1h)
- +6.13%
- OI
- $4.41M
- 24h Vol
- $3.85M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $1.1536
- Exchange Ticker
- XRP-USD
- Taker / Maker
- 4 / 1 bps
- Funding APR(1h)
- +87.60%
- OI
- $25.80K
- 24h Vol
- $12.78K
281 long / 253 short samples · 2 days · auto-refresh every 30s