BTW · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.386%higher than 6% of spread values(window 1D)
long $1.2209 · short $1.2162(long 5m / short 55s old)
Entry Spread (order book)-0.279%on $10,000thin book — size does not fully fill
long $1.2180 · short $1.2146(average execution prices, not mark)
market median $1.2204· long +0.0%· short -0.3%
⚠ Spread is inverted — Bybit is cheaper than Toobit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 284 samples
Current
-0.386%
6 pct
Median
-0.127%
Average
-0.142%
P25 → P75
-0.212% … -0.058%
Range
-2.353% … +0.623%
Std dev
±0.238%
Size per leg$= $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
Toobit(cex)
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 LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $1.2162
- Exchange Ticker
- BTWUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +110.98%
- OI
- $29.46M
- 24h Vol
- $19.74M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short284 long / 280 short samples · 1 day · auto-refresh every 30s