HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago-0.216%
long $81.6016 · short $81.4250(long 10s / short 1m old)
Entry Spread (order book)-0.045%on $10,000
long $81.4268 · short $81.3900(average execution prices, not mark)
market median $81.4920· long +0.1%· short -0.1%
⚠ Spread is inverted — Backpack is cheaper than Pacifica. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 285 samples
Current
-0.216%
0 pct
Median
-0.021%
Average
-0.022%
P25 → P75
-0.036% … -0.007%
Range
-0.185% … +0.107%
Std dev
±0.025%
Size per leg$= $20,000 total
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
Pacifica(dex)
Pacifica(dex)- Mark Price
- $81.6016
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.04% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $5.76M
- 24h Vol
- $6.54M
SHORT
Backpack(cex)
Backpack(cex)- Mark Price
- $81.4250
- Exchange Ticker
- HYPE_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- +24.52%
- OI
- $11.77M
- 24h Vol
- $4.38M
285 long / 285 short samples · 2 days · auto-refresh every 30s