BTW · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.780%higher than 13% of spread values(window 1D)
long $0.6622 · short $0.6570(long 3m / short 4m old)
Entry Spread (order book)-1.473%on $10,000thin book — size does not fully fill
long $0.6710 · short $0.6611(average execution prices, not mark)
market median $0.6570· long +0.8%· short +0.0%
⚠ Spread is inverted — Gate.io is cheaper than KuCoin. Convergence trade only profits with positive spread.
Size per leg$= $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
-0.780%
13 pct
Median
-0.035%
Average
-0.090%
P25 → P75
-0.322% … +0.290%
Range
-7.755% … +3.956%
Std dev
±0.869%
tf
LONG
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.6622
- Exchange Ticker
- BTWUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -3026.02%
- OI
- $3.33M
- 24h Vol
- $3.64M
SHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.6570
- Exchange Ticker
- BTW_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -2731.49%
- OI
- $7.97M
- 24h Vol
- $12.80M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short260 long / 256 short samples · 2 days · auto-refresh every 30s