HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.006%higher than 15% of spread values(window 1D)
long $88.1330 · short $88.1387(long 52s / short 1m old)
Entry Spread (order book)-0.008%on $10,000
long $88.1554 · short $88.1481(average execution prices, not mark)
market median $88.1035· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.14% 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 0.01% 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 | +$0.64 | -$49.36 | -$99.36 |
| Round-trip fees | −$8.00 | −$8.00 | −$8.00 |
| Slippage(orderbook) | −$7.34 | −$7.34 | −$7.34 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$13.82 | -$63.82 | -$113.82 |
Breakeven move 0.1446%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.04%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.006%
15 pct
Median
+0.042%
Average
+0.037%
P25 → P75
+0.023% … +0.054%
Range
-0.153% … +0.228%
Std dev
±0.034%
tf
LONG
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $88.1330
- Exchange Ticker
- HYPE-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- +10.52%
- OI
- $4.02M
- 24h Vol
- $17.73M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $88.1387
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $217.24K
- 24h Vol
- $2.42M
285 long / 285 short samples · 2 days · auto-refresh every 30s