OP · Convergence Trade
Current Spread (mark)
updated 0s ago-0.035%higher than 38% of spread values(window 1D)
long $0.08482 · short $0.08479(long 4m / short 4m old)
Entry Spread (order book)-0.159%on $10,000
long $0.08488 · short $0.08474(average execution prices, not mark)
market median $0.08480· long +0.0%· short -0.0%
⚠ Spread is inverted — Bullpen is cheaper than Backpack. Convergence trade only profits with positive spread.
Profit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 276 samples
Current
-0.035%
38 pct
Median
-0.024%
Average
-0.029%
P25 → P75
-0.058% … +0.000%
Range
-0.236% … +0.236%
Std dev
±0.057%
Size$
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
- $0.08482
- Exchange Ticker
- OP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -46.30%
- OI
- $186.97K
- 24h Vol
- $37.93K
SHORT
Bullpen(dex)
Bullpen(dex)- Mark Price
- $0.08479
- Exchange Ticker
- OP
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -32.51%
- OI
- $3.24M
- 24h Vol
- $297.85K
225 long / 276 short samples · 2 days · auto-refresh every 30s