HYPE · Convergence Trade
Current Spread (mark)
updated 53s ago+0.044%higher than 12% of spread values(window 1D)
long $88.1000 · short $88.1387
Entry Spread (order book)+0.062%on $10,000
long $88.0934 · short $88.1481(average execution prices, not mark)
market median $88.1035· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, 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 0.04% 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 | +$4.39 | -$45.61 | -$95.61 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$4.78 | −$4.78 | −$4.78 |
| Funding drag(est. 1h hold) | +$0.84 | +$0.84 | +$0.84 |
| Net potential | -$16.55 | -$66.55 | -$116.55 |
Breakeven move 0.2094%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — 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
+0.044%
12 pct
Median
+0.104%
Average
+0.095%
P25 → P75
+0.075% … +0.127%
Range
-0.198% … +0.221%
Std dev
±0.053%
tf
LONG
Bullpen(dex)
Bullpen(dex)- Mark Price
- $88.1000
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +14.40%
- OI
- $1918.47M
- 24h Vol
- $367.63M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $88.1387
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $217.24K
- 24h Vol
- $2.42M
285 long / 285 short samples · 2 days · auto-refresh every 30s