HYPE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.240%higher than 99% of spread values(window 1D)
long $68.8158 · short $68.9808(long 13s / short 1m old)
Entry Spread (order book)+0.251%on $10,000
long $68.8321 · short $69.0047(average execution prices, not mark)
market median $68.8015· long +0.0%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.24% 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 | +$23.98 | -$26.02 | -$76.02 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$2.02 | −$2.02 | −$2.02 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | +$3.96 | -$46.04 | -$96.04 |
Breakeven move 0.2002%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.04% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 4 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
+0.240%
99 pct
Median
+0.024%
Average
+0.023%
P25 → P75
-0.007% … +0.050%
Range
-0.270% … +0.363%
Std dev
±0.067%
tf
LONG
grvt(dex)
grvt(dex)- Mark Price
- $68.8158
- Exchange Ticker
- HYPE_USDT_Perp
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $5.30M
- 24h Vol
- $56.64M
SHORT
Aster(dex)
Aster(dex)- Mark Price
- $68.9808
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(4h)
- +10.96%
- OI
- $5.42M
- 24h Vol
- $26.66M
284 long / 282 short samples · 2 days · auto-refresh every 30s