HYPE · Convergence Trade
Current Spread (mark)
updated 54s ago+0.192%higher than 94% of spread values(window 1D)
long $69.3740 · short $69.5074
Entry Spread (order book)-0.464%on $10,000
long $69.7663 · short $69.4429(average execution prices, not mark)
market median $69.4395· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.19%, but entry and exit cost 2.49% 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 0.19% 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 | +$19.23 | -$30.77 | -$80.77 |
| Round-trip fees | −$27.60 | −$27.60 | −$27.60 |
| Slippage(orderbook) | −$221.72 | −$221.72 | −$221.72 |
| Funding drag(est. 1h hold) | +$0.78 | +$0.78 | +$0.78 |
| Net potential | -$229.31 | -$279.31 | -$329.31 |
Breakeven move 2.4854%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~12min–~18min)
Exit target: spread compresses to the median 0.07% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 23 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 · 284 samples
Current
+0.192%
94 pct
Median
+0.066%
Average
+0.065%
P25 → P75
+0.025% … +0.102%
Range
-0.276% … +0.525%
Std dev
±0.085%
tf
LONG
Crypto.com(cex)
Crypto.com(cex)- Mark Price
- $69.3740
- Exchange Ticker
- HYPEUSD-PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -31.47%
- OI
- $17.28K
- 24h Vol
- $46.18K
SHORT
Perpl(dex)
Perpl(dex)- Mark Price
- $69.5074
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +36.69%
- OI
- $37.67K
- 24h Vol
- $363.66K
283 long / 284 short samples · 2 days · auto-refresh every 30s