HYPE · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.056%higher than 20% of spread values(window 1D)
long $91.6780 · short $91.6267(long 3m / short 3m old)
Entry Spread (order book)-0.077%on $10,000
long $91.6932 · short $91.6227(average execution prices, not mark)
market median $91.6775· long +0.0%· short -0.1%
⚠ Spread is inverted — Variational is cheaper than Pionex. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 280 samples
Current
-0.056%
20 pct
Median
-0.013%
Average
-0.015%
P25 → P75
-0.046% … +0.009%
Range
-0.265% … +0.189%
Std dev
±0.057%
Size per leg$= $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
- $91.6780
- Exchange Ticker
- HYPE_USDT_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -8.20%
- OI
- $4.04M
- 24h Vol
- $8.22M
SHORT
Variational(dex)
Variational(dex)- Mark Price
- $91.6267
- Exchange Ticker
- HYPE
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +3.97%
- OI
- $36.35M
- 24h Vol
- $46.24M
279 long / 278 short samples · 2 days · auto-refresh every 30s