HYPE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.53%, but entry and exit cost 6.08% 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 0.53% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$52.96 | +$2.96 | -$47.04 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(orderbook) | −$593.17 | −$593.17 | −$593.17 |
| Funding drag(est. 1h hold) | +$4.14 | +$4.14 | +$4.14 |
| Net potential | -$555.07 | -$605.07 | -$655.07 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 7 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 · 276 samples
Live spread — order book
on size $10,000Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
Backpack(cex)- Mark Price
- $82.2940
- Exchange Ticker
- HYPE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -74.62%
- OI
- $12.46M
- 24h Vol
- $11.80M
Hibachi(dex)- Mark Price
- $82.7298
- Exchange Ticker
- HYPE/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- +288.20%
- OI
- $144.79K
- 24h Vol
- $106.30K
276 long / 227 short samples · 2 days · auto-refresh every 30s