BTC · Convergence Trade
Current Spread (mark)
updated 44s ago-0.026%higher than 83% of spread values(window 1D)
long $82,953.03 · short $82,931.7
Entry Spread (order book)-0.030%on $10,000
long $82,934.9 · short $82,910.1(average execution prices, not mark)
market median $82,953.07· long -0.0%· short -0.0%
⚠ Spread is inverted — Backpack is cheaper than Binance Futures. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 284 samples
Current
-0.026%
83 pct
Median
-0.036%
Average
-0.036%
P25 → P75
-0.043% … -0.028%
Range
-0.063% … -0.000%
Std dev
±0.011%
Size per leg$= $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
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $82,953.03
- Exchange Ticker
- BTCUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- -3.71%
- OI
- $7682.01M
- 24h Vol
- $2947.54M
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $82,931.7
- Exchange Ticker
- BTC_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $43.83M
- 24h Vol
- $23.94M
284 long / 284 short samples · 2 days · auto-refresh every 30s