HYPE · Convergence Trade
Current Spread (mark)
updated 23s ago-0.026%higher than 16% of spread values(window 1D)
long $91.6790 · short $91.6550
Entry Spread (order book)-0.102%on $10,000
long $91.6570 · short $91.5636(average execution prices, not mark)
market median $91.6795· long -0.0%· short -0.0%
⚠ Spread is inverted — Phemex is cheaper than Pionex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 282 samples
Current
-0.026%
16 pct
Median
+0.007%
Average
+0.009%
P25 → P75
-0.015% … +0.031%
Range
-0.248% … +0.180%
Std dev
±0.040%
Size per leg$= $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
Pionex(cex)
Pionex(cex)- Mark Price
- $91.6790
- Exchange Ticker
- HYPE_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -7.71%
- OI
- $4.04M
- 24h Vol
- $8.20M
SHORT
Phemex(cex)
Phemex(cex)- Mark Price
- $91.6550
- Exchange Ticker
- HYPEUSDT
- Taker / Maker
- 0.06% / 0.01%
- Funding APR(8h)
- +4.36%
- OI
- $12.57M
- 24h Vol
- $651.70K
281 long / 280 short samples · 1 day · auto-refresh every 30s