HYPE · Convergence Trade
Current Spread (mark)
updated 58s ago+0.048%higher than 26% of spread values(window 1D)
long $88.0960 · short $88.1387
Entry Spread (order book)+0.052%on $10,000
long $88.0997 · short $88.1456(average execution prices, not mark)
market median $88.0995· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.05%, but entry and exit cost 0.33% 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 0.05% 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 | +$4.84 | -$45.16 | -$95.16 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(orderbook) | −$10.75 | −$10.75 | −$10.75 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$28.03 | -$78.03 | -$128.03 |
Breakeven move 0.3287%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.048%
26 pct
Median
+0.078%
Average
+0.071%
P25 → P75
+0.047% … +0.100%
Range
-0.255% … +0.255%
Std dev
±0.061%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $88.0960
- Exchange Ticker
- HYPE_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- +10.96%
- OI
- $238.87M
- 24h Vol
- $35.79M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $88.1387
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $217.24K
- 24h Vol
- $2.42M
285 long / 285 short samples · 2 days · auto-refresh every 30s