TRB · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.227%higher than 26% of spread values(window 1D)
long $20.7090 · short $20.6620(long 4m / short 2m old)
Entry Spread (order book)-0.546%on $10,000
long $20.6397 · short $20.5269(average execution prices, not mark)
market median $20.6545· long +0.3%· short +0.0%
⚠ Spread is inverted — Hotcoin is cheaper than Bybit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 261 samples
Current
-0.227%
26 pct
Median
-0.131%
Average
-0.148%
P25 → P75
-0.233% … -0.034%
Range
-1.464% … +0.534%
Std dev
±0.219%
Size per leg$= $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
Bybit(cex)
Bybit(cex)- Mark Price
- $20.7090
- Exchange Ticker
- TRBUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $6.50M
- 24h Vol
- $5.07M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $20.6620
- Exchange Ticker
- TRBUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $438.08K
- 24h Vol
- $3.15M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short233 long / 236 short samples · 2 days · auto-refresh every 30s