BTW · Convergence Trade
Current Spread (mark)
updated 0s ago+0.135%higher than 49% of spread values(window 1D)
long $0.3170 · short $0.3174(long 4m / short 6m old)
Entry Spread (order book)-0.069%on $10,000
long $0.3168 · short $0.3166(average execution prices, not mark)
market median $0.3164· long +0.2%· short +0.3%
Profit Calculator
Three scenarios: the current spread 0.14% 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 | +$13.54 | -$36.46 | -$86.46 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$60.32 | −$60.32 | −$60.32 |
| Funding drag(est. 1h hold) | +$2.64 | +$2.64 | +$2.64 |
| Net potential | -$62.14 | -$112.14 | -$162.14 |
Breakeven move 0.7568%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.25%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.135%
49 pct
Median
+0.139%
Average
+0.167%
P25 → P75
-0.052% … +0.368%
Range
-1.624% … +3.149%
Std dev
±0.476%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
Aster(dex)
Aster(dex)- Mark Price
- $0.3170
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +10.95%
- OI
- $5.60M
- 24h Vol
- $8.09M
SHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.3174
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +242.24%
- OI
- $86.27M
- 24h Vol
- $68.15M
226 long / 282 short samples · 2 days · auto-refresh every 30s