HYPE · Convergence Trade
Current Spread (mark)
updated 48s ago+0.038%higher than 27% of spread values(window 1D)
long $69.0755 · short $69.1020
Entry Spread (order book)+0.042%on $10,000
long $69.0850 · short $69.1140(average execution prices, not mark)
market median $69.0710· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.04%, but entry and exit cost 0.19% 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 0.04% 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 | +$3.84 | -$46.16 | -$96.16 |
| Round-trip fees | −$14.00 | −$14.00 | −$14.00 |
| Slippage(orderbook) | −$5.05 | −$5.05 | −$5.05 |
| Funding drag(est. 1h hold) | +$0.01 | +$0.01 | +$0.01 |
| Net potential | -$15.20 | -$65.20 | -$115.20 |
Breakeven move 0.1904%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.038%
27 pct
Median
+0.104%
Average
+0.088%
P25 → P75
+0.029% … +0.147%
Range
-0.840% … +0.840%
Std dev
±0.156%
tf
LONG
RiseX(dex)
RiseX(dex)- Mark Price
- $69.0755
- Exchange Ticker
- HYPE-PERP
- Taker / Maker
- 0.03% / 0.01%
- Funding APR(1h)
- +10.07%
- OI
- $1.75M
- 24h Vol
- $4.70M
SHORT
Pacifica(dex)
Pacifica(dex)- Mark Price
- $69.1020
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.04% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $5.04M
- 24h Vol
- $8.52M
285 long / 285 short samples · 2 days · auto-refresh every 30s