BILL · Convergence Trade
Current Spread (mark)
updated 0s ago-0.099%higher than 16% of spread values(window 7D)
long $0.02015 · short $0.02013(long 2m / short 19m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.02017· long -0.1%· short -0.2%
⚠ Spread is inverted — Bitget is cheaper than Backpack. Convergence trade only profits with positive spread.
Profit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 7d · 1,604 samples
Current
-0.099%
16 pct
Median
+0.043%
Average
+0.030%
P25 → P75
-0.044% … +0.119%
Range
-1.301% … +1.555%
Std dev
±0.216%
Size$
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
Backpack(cex)
Backpack(cex)- Mark Price
- $0.02015
- Exchange Ticker
- BILL_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +96.91%
- OI
- $53.48K
- 24h Vol
- $25.15K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bitget(cex)
Bitget(cex)- Mark Price
- $0.02013
- Exchange Ticker
- BILLUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +10.95%
- OI
- $799.28K
- 24h Vol
- $370.99K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short1351 long / 1338 short samples · 8 days · auto-refresh every 30s