HYPE · Convergence Trade
Profit Calculator
This spread does not cover its own costs
The spread is 0.43%, but entry and exit cost 6.11% 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 0.43% 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 | +$42.92 | -$7.08 | -$57.08 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$598.87 | −$598.87 | −$598.87 |
| Funding drag(est. 1h hold) | +$2.01 | +$2.01 | +$2.01 |
| Net potential | -$567.94 | -$617.94 | -$667.94 |
⏱ Hold time (estimated from history)
Over 1D the spread rarely converged to the median 0.11% (57% of episodes never did). The spread may be structural rather than mean-reverting — do not count on a quick exit; take profit on actual compression, not on a timer.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 274 samples
Live spread — order book
on size $10,000Rebuilt 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.
RiseX(dex)- Mark Price
- $86.7975
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.03% / 0.01%
- Funding APR(1h)
- -19.83%
- OI
- $1.87M
- 24h Vol
- $13.92M
Coinbase International(cex)- Mark Price
- $87.1700
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.04% / 0.02%
- Funding APR(1h)
- +156.03%
- OI
- $4.43M
- 24h Vol
- $3.37M
256 long / 263 short samples · 2 days · auto-refresh every 30s