Volume Monitor
Live crypto data · 10 exchanges

BILL Spot vs Perp Volume

BILL perp vs spot volume: how many dollars of BILL perpetual futures trade for every dollar of spot, on the exchanges where this site records both (Binance and Bybit). A high ratio means leverage is driving the trading; a low one means spot is. Hourly history for 7 and 30 days, daily for all recorded time.

BILL's perp/spot volume ratio is 0.86x over the last 24 hours; there is not enough recorded daily history yet to compare it with its 30- and 90-day range (the server has been collecting for 44 hours). Perps traded $1.66M and spot $1.93M in 24 hours across Bybit.

Perp 24h $1.66MSpot 24h $1.93MOutside the top 50 by perp volumeAs of 08:55 UTC

BILL perp / spot 24h
0.86x
perp ÷ spot quote volume
Perp volume 24h
$1.66M
outside the top 50
Spot volume 24h
$1.93M
same exchanges and quote currencies

BILL perp/spot volume ratio

Hourly for 7d and 30d, daily for all

Chart: TradingView Lightweight Charts™

BILL perp vs spot volume

Quote volume per bucket

Chart: TradingView Lightweight Charts™

BILL spot vs perp volume by exchange

24h · most perp volume first
Exchange Perp Spot Perp vol 24h Spot vol 24h Perp / spot
Bybit BILLUSDT BILLUSDT $1.66M $1.93M 0.86x

Not counted (no BILL spot market recorded there): Aster, Binance, Bitget, Gate, HTX, KuCoin, MEXC.

How to read it. The ratio is perpetual futures quote volume divided by spot quote volume on the same exchanges, in the same quote currency. Only Binance and Bybit count: they are the exchanges where this site records both markets. A ratio rising above its usual range means leverage is doing more of the trading; a falling one means spot is taking over. Compare with BILL spot vs perp net buying, BILL basis and the ratio for every coin.

BILL spot vs perp volume FAQ

What is BILL's spot vs perp volume ratio?

BILL's perpetual futures quote volume divided by its spot quote volume over the same period, on the exchanges where both markets are recorded here (Binance and Bybit, same quote currency).

Is a high BILL perp/spot ratio bearish?

Not by itself. It means leveraged traders are doing more of the trading than spot holders, which often comes with crowded positioning and can precede sharp moves either way. Read it next to BILL's basis, CVD and funding. Nothing here is financial advice.

Why can the chart differ from the 24h figures?

The figures at the top are the exchanges' own rolling 24-hour volumes, live. The chart is built from the 1-minute bars this site records, per hour or per day, so it has gaps where recording stopped and its buckets start on the hour or at midnight UTC.