BTW · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old-0.602%higher than 7% of spread values(window 1D)
long $1.2188 · short $1.2115(long 2m / short 40s old)
Entry Spread (order book)-0.761%on $10,000
long $1.2234 · short $1.2141(average execution prices, not mark)
market median $1.2166· long +0.2%· short -0.4%
⚠ Spread is inverted — Gate.io is cheaper than Bitget. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.602%
7 pct
Median
-0.335%
Average
-0.350%
P25 → P75
-0.448% … -0.239%
Range
-1.889% … +0.410%
Std dev
±0.216%
Size per leg$= $20,000 total
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
Bitget(cex)
Bitget(cex)- Mark Price
- $1.2188
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +114.40%
- OI
- $36.14M
- 24h Vol
- $4.29M
SHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $1.2115
- Exchange Ticker
- BTW_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +10.96%
- OI
- $5.52M
- 24h Vol
- $9.62M
279 long / 280 short samples · 2 days · auto-refresh every 30s