BTW · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.83%, 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 0.83% 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 | +$83.36 | +$33.36 | -$16.64 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$29.25 | +$29.25 | +$29.25 |
| Net potential | +$92.61 | +$42.61 | -$7.39 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.29% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 30 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 · 278 samples
Binance Futures(cex)- Mark Price
- $0.6628
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -2936.68%
- OI
- $13.33M
- 24h Vol
- $68.56M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
BingX(cex)- Mark Price
- $0.6683
- Exchange Ticker
- BTW-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -374.75%
- OI
- $578.95K
- 24h Vol
- $2.79M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 250 short samples · 2 days · auto-refresh every 30s