HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.058%higher than 78% of spread values(window 1D)
long $69.2840 · short $69.3240(long 1m / short 4s old)
Entry Spread (order book)-0.029%on $10,000
long $69.3162 · short $69.2958(average execution prices, not mark)
market median $69.3060· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.06%, but entry and exit cost 0.27% 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 | +$5.77 | -$44.23 | -$94.23 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(orderbook) | −$3.05 | −$3.05 | −$3.05 |
| Funding drag(est. 1h hold) | +$0.32 | +$0.32 | +$0.32 |
| Net potential | -$20.96 | -$70.96 | -$120.96 |
Breakeven move 0.2673%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.03% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 65 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
+0.058%
78 pct
Median
+0.013%
Average
+0.014%
P25 → P75
-0.018% … +0.050%
Range
-0.633% … +0.641%
Std dev
±0.096%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $69.2840
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +12.05%
- OI
- $26.77M
- 24h Vol
- $44.73M
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $69.3240
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +40.08%
- OI
- $16.60M
- 24h Vol
- $14.82M
280 long / 283 short samples · 2 days · auto-refresh every 30s