BTW · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.41% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.01% 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 | +$0.82 | -$49.18 | -$99.18 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.95 | +$1.95 | +$1.95 |
| Net potential | -$40.45 | -$90.45 | -$140.45 |
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.03%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Live spread — order book
on size $10,000Rebuilt 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.
Toobit(cex)- Mark Price
- $1.2209
- Exchange Ticker
- BTW-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -83.82%
- OI
- $4.75M
- 24h Vol
- $10.12M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Long
Binance Futures(cex)- Mark Price
- $1.2210
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +87.08%
- OI
- $147.71M
- 24h Vol
- $87.34M
282 long / 279 short samples · 2 days · auto-refresh every 30s