HYPE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 0.24% 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 0.10% 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 | +$9.56 | -$40.44 | -$90.44 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$1.15 | +$1.15 | +$1.15 |
| Net potential | -$14.57 | -$64.57 | -$114.57 |
⏱ Hold time (estimated from history)
Exit target: spread compresses to the median 0.06% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 48 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
Phemex(cex)- Mark Price
- $69.0390
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- -36.05%
- OI
- $9.20M
- 24h Vol
- $2.08M
Bluefin(dex)- Mark Price
- $69.1050
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.035% / 0.005%
- Funding APR(1h)
- +64.57%
- OI
- $88.25K
- 24h Vol
- $75.04K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short285 long / 285 short samples · 2 days · auto-refresh every 30s