HYPE · Convergence Trade
Current Spread (mark)
updated 33s ago+0.077%higher than 76% of spread values(window 1D)
long $87.4610 · short $87.5280
Entry Spread (order book)+0.099%on $10,000
long $87.4238 · short $87.5100(average execution prices, not mark)
market median $87.4759· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.32% 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 0.08% 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 | +$7.66 | -$42.34 | -$92.34 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(orderbook) | −$12.80 | −$12.80 | −$12.80 |
| Funding drag(est. 1h hold) | +$0.55 | +$0.55 | +$0.55 |
| Net potential | -$24.59 | -$74.59 | -$124.59 |
Breakeven move 0.3225%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 40 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.077%
76 pct
Median
+0.006%
Average
+0.010%
P25 → P75
-0.048% … +0.073%
Range
-0.315% … +0.202%
Std dev
±0.082%
tf
LONG
ApeX(dex)
ApeX(dex)- Mark Price
- $87.4610
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +4.06%
- OI
- $1.61M
- 24h Vol
- $649.29K
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $87.5280
- Exchange Ticker
- HYPE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +52.40%
- OI
- $5.23M
- 24h Vol
- $7.40M
284 long / 284 short samples · 2 days · auto-refresh every 30s