PIPPIN · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.053%higher than 49% of spread values(window 1D)
long $0.01881 · short $0.01880(long 3m / short 4m old)
Entry Spread (order book)-0.402%on $10,000
long $0.01885 · short $0.01878(average execution prices, not mark)
market median $0.01877· long +0.2%· short +0.2%
⚠ Spread is inverted — BingX is cheaper than Bybit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 279 samples
Current
-0.053%
49 pct
Median
-0.053%
Average
-0.106%
P25 → P75
-0.210% … +0.000%
Range
-1.724% … +0.552%
Std dev
±0.227%
Size per leg$= $20,000 total
chart range
Loading Mark Prices…
Loading Price Spread…
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
Bybit(cex)
Bybit(cex)- Mark Price
- $0.01881
- Exchange Ticker
- PIPPINUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +92.76%
- OI
- $3.48M
- 24h Vol
- $1.03M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.01880
- Exchange Ticker
- PIPPIN-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +86.13%
- OI
- $1.09M
- 24h Vol
- $1.28M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short252 long / 248 short samples · 2 days · auto-refresh every 30s