PIPPIN · Convergence Trade
⚠
Sparse data (31% of expected samples) — statistics may be unreliable
Forward-fill used for gaps in mark-price history. Smaller window or current spread reading more trustworthy than long-range stats.
Current Spread (mark)
⚠ data may be stale · 12m old-0.419%higher than 10% of spread values(window 1D)
long $0.01194 · short $0.01189(long 12m / short 10m old)
Entry Spread (order book)-0.724%on $10,000thin book — size does not fully fill
long $0.01191 · short $0.01182(average execution prices, not mark)
market median $0.01191· long +0.3%· short -0.2%
⚠ Spread is inverted — KuCoin is cheaper than Bitget. Convergence trade only profits with positive spread.
Size per leg$= $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 · 151 samples
Current
-0.419%
10 pct
Median
-0.082%
Average
-0.089%
P25 → P75
-0.243% … +0.000%
Range
-0.971% … +0.911%
Std dev
±0.284%
tf
LONG
Bitget(cex)
Bitget(cex)- Mark Price
- $0.01194
- Exchange Ticker
- PIPPINUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $1.10M
- 24h Vol
- $198.48K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.01189
- Exchange Ticker
- PIPPINUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +28.71%
- OI
- $849.63K
- 24h Vol
- $462.00K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade ShortHistory has gaps (31% of expected samples) — KPIs may be noisy
89 long / 88 short samples · 2 days · auto-refresh every 30s