HYPE · Convergence Trade
Current Spread (mark)
updated 54s ago+0.120%higher than 87% of spread values(window 1D)
long $88.0240 · short $88.1297
Entry Spread (order book)+0.005%on $10,000
long $87.9939 · short $87.9982(average execution prices, not mark)
market median $88.0195· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.12%, but entry and exit cost 0.20% 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 0.12% 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 | +$12.00 | -$38.00 | -$88.00 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(orderbook) | −$3.44 | −$3.44 | −$3.44 |
| Funding drag(est. 1h hold) | −$0.65 | −$0.65 | −$0.65 |
| Net potential | -$8.09 | -$58.09 | -$108.09 |
Breakeven move 0.2009%·Tradeability: 0.6× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.14%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 282 samples
Current
+0.120%
87 pct
Median
-0.075%
Average
-0.089%
P25 → P75
-0.217% … +0.047%
Range
-0.958% … +0.716%
Std dev
±0.251%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $88.0240
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +67.68%
- OI
- $1937.36M
- 24h Vol
- $778.67M
SHORT
BULK(dex)
BULK(dex)- Mark Price
- $88.1297
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.035% / 0%
- Funding APR(1h)
- +10.96%
- OI
- $1.15M
- 24h Vol
- $1.48M
282 long / 282 short samples · 2 days · auto-refresh every 30s