HYPE · Convergence Trade
Current Spread (mark)
updated 58s ago+0.107%higher than 99% of spread values(window 1D)
long $94.6541 · short $94.7550
Entry Spread (order book)-0.031%on $10,000
long $94.8990 · short $94.8696(average execution prices, not mark)
market median $94.6370· long +0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Three scenarios: the current spread 0.11% 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 | +$10.66 | -$39.34 | -$89.34 |
| Round-trip fees | −$0.00 | −$0.00 | −$0.00 |
| Slippage(orderbook) | −$5.80 | −$5.80 | −$5.80 |
| Funding drag(est. 1h hold) | −$0.00 | −$0.00 | −$0.00 |
| Net potential | +$4.86 | -$45.14 | -$95.14 |
Breakeven move 0.0580%·Tradeability: 1.8× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
~48mintypical time to exit(usually ~30min–~1h)
Exit target: spread compresses to the median 0.01% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 3 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 · 285 samples
Current
+0.107%
99 pct
Median
-0.004%
Average
-0.003%
P25 → P75
-0.014% … +0.007%
Range
-0.096% … +0.375%
Std dev
±0.032%
tf
LONG
Lighter(dex)
Lighter(dex)- Mark Price
- $94.6541
- Exchange Ticker
- HYPE-USDC
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $17.91M
- 24h Vol
- $173.97M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $94.7550
- Exchange Ticker
- HYPE-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $4.27M
- 24h Vol
- $34.77M
285 long / 285 short samples · 2 days · auto-refresh every 30s