BTW · Convergence Trade
Profit 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 1.65% 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 | +$165.02 | +$115.02 | +$65.02 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$3.19 | +$3.19 | +$3.19 |
| Net potential | +$145.21 | +$95.21 | +$45.21 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 1.50% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 43 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
Bybit(cex)- Mark Price
- $0.6678
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -3236.05%
- OI
- $4.88M
- 24h Vol
- $16.70M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Bitget(cex)- Mark Price
- $0.6788
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -2956.33%
- OI
- $19.67M
- 24h Vol
- $4.77M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short254 long / 254 short samples · 2 days · auto-refresh every 30s