HYPE · Convergence Trade
Current Spread (mark)
updated 0s ago+0.002%higher than 33% of spread values(window 1D)
long $57.4690 · short $57.4699(long 5m / short 5m old)
Entry Spread (order book)-0.017%on $10,000
long $57.4533 · short $57.4433(average execution prices, not mark)
market median $57.4585· long +0.0%· short +0.0%
Profit Calculator
Three scenarios: the current spread 0.00% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$0.16 | -$49.84 | -$99.84 |
| Round-trip fees | −$27.60 | −$27.60 | −$27.60 |
| Slippage(orderbook) | −$8.43 | −$8.43 | −$8.43 |
| Funding drag(est. 1h hold) | +$0.21 | +$0.21 | +$0.21 |
| Net potential | -$35.66 | -$85.66 | -$135.66 |
Breakeven move 0.3582%·Tradeability: 0.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.02%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 275 samples
Current
+0.002%
33 pct
Median
+0.013%
Average
+0.013%
P25 → P75
-0.003% … +0.025%
Range
-0.103% … +0.204%
Std dev
±0.029%
Size$
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
OKX(cex)
OKX(cex)- Mark Price
- $57.4690
- Exchange Ticker
- HYPE-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(8h)
- +6.40%
- OI
- $71.57M
- 24h Vol
- $64.37M
SHORT
Perpl(dex)
Perpl(dex)- Mark Price
- $57.4699
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.088% / 0.05%
- Funding APR(43m)
- +24.45%
- OI
- $474.59K
- 24h Vol
- $468.86K
274 long / 275 short samples · 2 days · auto-refresh every 30s