HYPE · Convergence Trade
Current Spread (mark)
updated 34s ago+0.019%higher than 67% of spread values(window 1D)
long $69.0230 · short $69.0361
Entry Spread (order book)-0.039%on $10,000
long $69.0598 · short $69.0327(average execution prices, not mark)
market median $69.0710· long -0.1%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.02%, but entry and exit cost 0.21% 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 0.02% 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 | +$1.89 | -$48.11 | -$98.11 |
| Round-trip fees | −$10.00 | −$10.00 | −$10.00 |
| Slippage(orderbook) | −$11.21 | −$11.21 | −$11.21 |
| Funding drag(est. 1h hold) | +$0.50 | +$0.50 | +$0.50 |
| Net potential | -$18.82 | -$68.82 | -$118.82 |
Breakeven move 0.2071%·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 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.019%
67 pct
Median
-0.007%
Average
-0.011%
P25 → P75
-0.049% … +0.036%
Range
-0.426% … +0.407%
Std dev
±0.100%
tf
LONG
ApeX(dex)
ApeX(dex)- Mark Price
- $69.0230
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -32.81%
- OI
- $618.54K
- 24h Vol
- $596.28K
SHORT
Variational(dex)
Variational(dex)- Mark Price
- $69.0361
- Exchange Ticker
- HYPE
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $26.68M
- 24h Vol
- $47.25M
285 long / 285 short samples · 2 days · auto-refresh every 30s