HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.130%higher than 84% of spread values(window 1D)
long $87.5941 · short $87.7080(long 1m / short 55s old)
Entry Spread (order book)+0.068%on $10,000
long $87.6090 · short $87.6681(average execution prices, not mark)
market median $87.6380· long -0.1%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, 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 0.13% 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 | +$13.01 | -$36.99 | -$86.99 |
| Round-trip fees | −$15.60 | −$15.60 | −$15.60 |
| Slippage(orderbook) | −$5.82 | −$5.82 | −$5.82 |
| Funding drag(est. 1h hold) | +$0.89 | +$0.89 | +$0.89 |
| Net potential | -$7.52 | -$57.52 | -$107.52 |
Breakeven move 0.2053%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.10% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 57 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 · 285 samples
Current
+0.130%
84 pct
Median
+0.100%
Average
+0.101%
P25 → P75
+0.079% … +0.122%
Range
-0.010% … +0.243%
Std dev
±0.035%
tf
LONG
edgeX V2(dex)
edgeX V2(dex)- Mark Price
- $87.5941
- Exchange Ticker
- HYPEUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +9.59%
- OI
- $2.90M
- 24h Vol
- $11.69M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $87.7080
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $188.59K
- 24h Vol
- $2.15M
285 long / 285 short samples · 2 days · auto-refresh every 30s