BTW · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+1.379%higher than 93% of spread values(window 1D)
long $0.6934 · short $0.7030(long 4m / short 5m old)
Entry Spread (order book)+0.171%on $10,000
long $0.7081 · short $0.7093(average execution prices, not mark)
market median $0.7106· long -2.4%· short -1.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit 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 1.38% 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 | +$137.86 | +$87.86 | +$37.86 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$3.25 | +$3.25 | +$3.25 |
| Net potential | +$41.83 | -$8.17 | -$58.17 |
Breakeven move 0.9603%·Tradeability: 1.4× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~12min–~18min)
Exit target: spread compresses to the median 0.57% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 23 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 · 280 samples
Current
+1.379%
93 pct
Median
+0.522%
Average
+0.494%
P25 → P75
+0.224% … +0.800%
Range
-2.810% … +3.108%
Std dev
±0.739%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.6934
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -3791.51%
- OI
- $20.04M
- 24h Vol
- $4.23M
SHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.7030
- Exchange Ticker
- BTW-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -3506.40%
- OI
- $612.74K
- 24h Vol
- $2.65M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short256 long / 253 short samples · 2 days · auto-refresh every 30s