HYPE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 2.98%, but entry and exit cost 3.90% 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 2.98% 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 | +$298.24 | +$248.24 | +$198.24 |
| Round-trip fees | −$15.60 | −$15.60 | −$15.60 |
| Slippage(orderbook) | −$380.44 | −$380.44 | −$380.44 |
| Funding drag(est. 1h hold) | +$5.62 | +$5.62 | +$5.62 |
| Net potential | -$92.18 | -$142.18 | -$192.18 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.22% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 7 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 · 283 samples
Live spread — order book
on size $10,000Rebuilt 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.
edgeX V2(dex)- Mark Price
- $89.0444
- Exchange Ticker
- HYPEUSDC
- Taker / Maker
- 0.038% / 0.018%
- Funding APR(4h)
- +9.27%
- OI
- $4.85M
- 24h Vol
- $37.69M
Coinbase International(cex)- Mark Price
- $91.7000
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +501.42%
- OI
- $4.36M
- 24h Vol
- $2.64M
283 long / 283 short samples · 2 days · auto-refresh every 30s