XRP · Convergence Trade
Current Spread (mark)
updated 49s ago+0.023%higher than 39% of spread values(window 1D)
long $1.2914 · short $1.2917
Entry Spread (order book)-0.003%on $10,000
long $1.2919 · short $1.2919(average execution prices, not mark)
market median $1.2917· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.09% 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 0.02% 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 | +$2.32 | -$47.68 | -$97.68 |
| Round-trip fees | −$9.00 | −$9.00 | −$9.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.11 | +$0.11 | +$0.11 |
| Net potential | -$6.57 | -$56.57 | -$106.57 |
Breakeven move 0.0889%·Tradeability: 0.3× 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 · 282 samples
Current
+0.023%
39 pct
Median
+0.030%
Average
+0.028%
P25 → P75
+0.023% … +0.038%
Range
-0.129% … +0.106%
Std dev
±0.018%
tf
LONG
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $1.2914
- Exchange Ticker
- XRP-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +1.75%
- OI
- $610.68K
- 24h Vol
- $804.99K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $1.2917
- Exchange Ticker
- XRP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $227.01M
- 24h Vol
- $64.51M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short282 long / 282 short samples · 2 days · auto-refresh every 30s