HYPE · Convergence Trade
Current Spread (mark)
updated 53s ago+0.074%higher than 66% of spread values(window 1D)
long $84.2520 · short $84.3146
Entry Spread (order book)-0.174%on $10,000
long $84.2624 · short $84.1155(average execution prices, not mark)
market median $84.2920· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.07%, but entry and exit cost 0.65% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.07% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$7.43 | -$42.57 | -$92.57 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$47.70 | −$47.70 | −$47.70 |
| Funding drag(est. 1h hold) | +$1.66 | +$1.66 | +$1.66 |
| Net potential | -$57.61 | -$107.61 | -$157.61 |
Breakeven move 0.6504%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.09%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.074%
66 pct
Median
+0.028%
Average
+0.025%
P25 → P75
-0.060% … +0.112%
Range
-0.449% … +0.506%
Std dev
±0.144%
tf
LONG
ApeX(dex)
ApeX(dex)- Mark Price
- $84.2520
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -10.04%
- OI
- $1.56M
- 24h Vol
- $714.53K
SHORT
Aftermath(dex)
Aftermath(dex)- Mark Price
- $84.3146
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.045% / -0.005%
- Funding APR(1h)
- +135.22%
- OI
- $14.91K
- 24h Vol
- $163.54K
282 long / 280 short samples · 2 days · auto-refresh every 30s