BTR · Convergence Trade
Sparse data (32% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Profit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.30% 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 | +$30.40 | -$19.60 | -$69.60 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$3.42 | +$3.42 | +$3.42 |
| Net potential | +$10.82 | -$39.18 | -$89.18 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.12% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 26 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 · 147 samples
Bybit(cex)- Mark Price
- $0.03948
- Exchange Ticker
- BTRUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +104.60%
- OI
- $1.55M
- 24h Vol
- $290.65K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
KuCoin(cex)- Mark Price
- $0.03960
- Exchange Ticker
- BTRUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +403.89%
- OI
- $704.95K
- 24h Vol
- $86.92K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short91 long / 88 short samples · 2 days · auto-refresh every 30s