HYPE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 1m old+0.059%higher than 17% of spread values(window 1D)
long $94.9452 · short $95.0010(long 12s / short 1m old)
Entry Spread (order book)-0.021%on $10,000
long $94.9684 · short $94.9485(average execution prices, not mark)
market median $94.9115· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.32% 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 0.06% 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 | +$5.87 | -$44.13 | -$94.13 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.32 | +$1.32 | +$1.32 |
| Net potential | -$25.99 | -$75.99 | -$125.99 |
Breakeven move 0.3186%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.059%
17 pct
Median
+0.095%
Average
+0.106%
P25 → P75
+0.066% … +0.117%
Range
-0.151% … +0.844%
Std dev
±0.089%
tf
LONG
Hibachi(dex)
Hibachi(dex)- Mark Price
- $94.9452
- Exchange Ticker
- HYPE/USDT-P
- Taker / Maker
- 0.045% / 0%
- Funding APR(1h)
- -28.05%
- OI
- $212.96K
- 24h Vol
- $521.42K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $95.0010
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $265.82K
- 24h Vol
- $5.97M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 283 short samples · 2 days · auto-refresh every 30s