BTW · Convergence Trade
Current Spread (mark)
updated 2s ago-0.161%higher than 55% of spread values(window 1D)
long $0.3596 · short $0.3590(long 1m / short 4m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.3595· long +0.0%· short -0.1%
⚠ Spread is inverted — Bybit is cheaper than Hotcoin. Convergence trade only profits with positive spread.
Profit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 248 samples
Current
-0.161%
55 pct
Median
-0.197%
Average
-0.122%
P25 → P75
-0.453% … +0.097%
Range
-2.773% … +3.306%
Std dev
±0.771%
Size$
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
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.3596
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(8h)
- -36.56%
- OI
- $6.24M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.3590
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $18.11M
- 24h Vol
- $50.20M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short209 long / 237 short samples · 2 days · auto-refresh every 30s