HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago-0.081%higher than 38% of spread values(window 1D)
long $78.1870 · short $78.1238(long 1m / short 58s old)
Entry Spread (order book)-0.065%on $10,000
long $78.1650 · short $78.1140(average execution prices, not mark)
market median $78.1155· long +0.1%· short +0.0%
⚠ Spread is inverted — Paradex is cheaper than Backpack. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 283 samples
Current
-0.081%
38 pct
Median
-0.068%
Average
-0.070%
P25 → P75
-0.095% … -0.045%
Range
-0.299% … +0.175%
Std dev
±0.056%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $78.1870
- Exchange Ticker
- HYPE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +10.96%
- OI
- $12.04M
- 24h Vol
- $2.88M
SHORT
Paradex(dex)
Paradex(dex)- Mark Price
- $78.1238
- Exchange Ticker
- HYPE-USD-PERP
- Taker / Maker
- 0.0075% / 0%
- Funding APR(8h)
- +6.55%
- OI
- $147.50K
- 24h Vol
- $10.37K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s