HYPE · Convergence Trade
Current Spread (mark)
updated 27s ago+0.128%higher than 77% of spread values(window 1D)
long $68.7400 · short $68.8280
Entry Spread (order book)+0.424%on $10,000
long $68.7880 · short $69.0797(average execution prices, not mark)
market median $68.8015· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.13%, but entry and exit cost 0.25% 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 0.13% 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 | +$12.80 | -$37.20 | -$87.20 |
| Round-trip fees | −$21.00 | −$21.00 | −$21.00 |
| Slippage(orderbook) | −$4.63 | −$4.63 | −$4.63 |
| Funding drag(est. 1h hold) | +$0.60 | +$0.60 | +$0.60 |
| Net potential | -$12.23 | -$62.23 | -$112.23 |
Breakeven move 0.2503%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 57 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
+0.128%
77 pct
Median
+0.079%
Average
+0.082%
P25 → P75
+0.041% … +0.121%
Range
-0.383% … +0.605%
Std dev
±0.093%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $68.7400
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -12.94%
- OI
- $1467.21M
- 24h Vol
- $687.50M
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $68.8280
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +39.18%
- OI
- $16.50M
- 24h Vol
- $14.71M
284 long / 284 short samples · 2 days · auto-refresh every 30s