HYPE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3h old-0.639%higher than 11% of spread values(window 1D)
long $89.2500 · short $88.6800(long 26s / short 3h old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $89.2515· long -0.0%· short -0.6%
⚠ Spread is inverted — Coinbase International is cheaper than Bybit. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.639%
11 pct
Median
+0.067%
Average
+0.348%
P25 → P75
-0.056% … +0.349%
Range
-2.094% … +4.289%
Std dev
±1.184%
Size per leg$= $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
Bybit(cex)
Bybit(cex)- Mark Price
- $89.2500
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(8h)
- +1.19%
- OI
- $272.87M
- 24h Vol
- $398.87M
SHORT
Coinbase International(cex)
Coinbase International(cex)- Mark Price
- $88.6800
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +89.41%
- OI
- $4.19M
- 24h Vol
- $2.30M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 240 short samples · 2 days · auto-refresh every 30s