HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.144%higher than 59% of spread values(window 1D)
long $87.6050 · short $87.7310(long 38s / short 1m old)
Entry Spread (order book)+0.076%on $10,000
long $87.6714 · short $87.7377(average execution prices, not mark)
market median $87.6640· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, 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 0.14% 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 | +$14.39 | -$35.61 | -$85.61 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$14.87 | −$14.87 | −$14.87 |
| Funding drag(est. 1h hold) | +$1.20 | +$1.20 | +$1.20 |
| Net potential | -$17.28 | -$67.28 | -$117.28 |
Breakeven move 0.3167%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.13% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 73 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 · 283 samples
Current
+0.144%
59 pct
Median
+0.134%
Average
+0.130%
P25 → P75
+0.108% … +0.157%
Range
-0.155% … +0.291%
Std dev
±0.054%
tf
LONG
ApeX(dex)
ApeX(dex)- Mark Price
- $87.6050
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -17.47%
- OI
- $1.62M
- 24h Vol
- $583.35K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $87.7310
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $216.86K
- 24h Vol
- $2.45M
283 long / 283 short samples · 2 days · auto-refresh every 30s