USELESS · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.025%higher than 42% of spread values(window 1D)
long $0.2425 · short $0.2425(long 5m / short 30s old)
Entry Spread (order book)-0.206%on $10,000
long $0.2432 · short $0.2427(average execution prices, not mark)
market median $0.2424· long +0.1%· short +0.0%
⚠ Spread is inverted — BingX is cheaper than Hotcoin. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 280 samples
Current
-0.025%
42 pct
Median
+0.008%
Average
+0.002%
P25 → P75
-0.132% … +0.141%
Range
-3.814% … +1.222%
Std dev
±0.376%
Size per leg$= $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
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.2425
- Exchange Ticker
- USELESSUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +49.47%
- OI
- $1.41M
- 24h Vol
- $7.94M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.2425
- Exchange Ticker
- USELESS-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +83.72%
- OI
- $2.41M
- 24h Vol
- $2.83M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 248 short samples · 2 days · auto-refresh every 30s