HYPE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.045%higher than 2% of spread values(window 1D)
long $91.6780 · short $91.6370(long 5m / short 48s old)
Entry Spread (order book)-0.143%on $10,000
long $91.7029 · short $91.5716(average execution prices, not mark)
market median $91.6725· long +0.0%· short -0.0%
⚠ Spread is inverted — Phemex is cheaper than Binance Futures. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 280 samples
Current
-0.045%
2 pct
Median
+0.004%
Average
+0.007%
P25 → P75
-0.012% … +0.028%
Range
-0.054% … +0.087%
Std dev
±0.029%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt 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.
LONG
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $91.6780
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -7.82%
- OI
- $391.68M
- 24h Vol
- $422.69M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $91.6370
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +4.51%
- OI
- $12.57M
- 24h Vol
- $651.70K
280 long / 280 short samples · 1 day · auto-refresh every 30s