HYPE · Convergence Trade
Current Spread (mark)
updated 54s ago+0.157%higher than 70% of spread values(window 1D)
long $92.7370 · short $92.8830
Entry Spread (order book)+0.098%on $10,000
long $92.6930 · short $92.7842(average execution prices, not mark)
market median $92.8845· long -0.2%· short -0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.16%, but entry and exit cost 0.18% 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 0.16% 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 | +$15.74 | -$34.26 | -$84.26 |
| Round-trip fees | −$10.50 | −$10.50 | −$10.50 |
| Slippage(orderbook) | −$8.70 | −$8.70 | −$8.70 |
| Funding drag(est. 1h hold) | +$0.76 | +$0.76 | +$0.76 |
| Net potential | -$2.70 | -$52.70 | -$102.70 |
Breakeven move 0.1844%·Tradeability: 0.9× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~24min)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 40 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
Current
+0.157%
70 pct
Median
+0.065%
Average
+0.093%
P25 → P75
+0.006% … +0.180%
Range
-0.401% … +0.951%
Std dev
±0.157%
tf
LONG
Meridian(dex)
Meridian(dex)- Mark Price
- $92.7370
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.03% / 0%
- Funding APR(1h)
- +53.29%
- OI
- $17.74K
- 24h Vol
- $98.78K
SHORT
Arcus(dex)
Arcus(dex)- Mark Price
- $92.8830
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.0225% / 0%
- Funding APR(1h)
- +119.65%
- OI
- $6.45M
- 24h Vol
- $38.98M
283 long / 283 short samples · 2 days · auto-refresh every 30s