BTW · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.290%higher than 94% of spread values(window 1D)
long $1.2220 · short $1.2185(long 3m / short 3m old)
Entry Spread (order book)-0.821%on $10,000thin book — size does not fully fill
long $1.2222 · short $1.2122(average execution prices, not mark)
market median $1.2204· long +0.1%· short -0.2%
⚠ Spread is inverted — KuCoin is cheaper than Bitget. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 279 samples
Current
-0.290%
94 pct
Median
-0.457%
Average
-0.447%
P25 → P75
-0.503% … -0.392%
Range
-1.082% … -0.096%
Std dev
±0.101%
Size per leg$= $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
- $1.2220
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +114.83%
- OI
- $36.23M
- 24h Vol
- $4.29M
SHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $1.2185
- Exchange Ticker
- BTWUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $11.29M
- 24h Vol
- $3.17M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short278 long / 279 short samples · 2 days · auto-refresh every 30s