HYPE · Convergence Trade
Current Spread (mark)
updated 1m ago+0.114%higher than 85% of spread values(window 1D)
long $88.0670 · short $88.1674(long 25s / short 1m old)
Entry Spread (order book)+0.073%on $10,000
long $88.0815 · short $88.1456(average execution prices, not mark)
market median $88.0920· long -0.0%· short +0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.21% 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 0.11% 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 | +$11.40 | -$38.60 | -$88.60 |
| Round-trip fees | −$17.00 | −$17.00 | −$17.00 |
| Slippage(orderbook) | −$4.82 | −$4.82 | −$4.82 |
| Funding drag(est. 1h hold) | +$0.88 | +$0.88 | +$0.88 |
| Net potential | -$9.54 | -$59.54 | -$109.54 |
Breakeven move 0.2094%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~12mintypical time to exit(usually ~6min–~18min)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 51 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
Current
+0.114%
85 pct
Median
+0.085%
Average
+0.079%
P25 → P75
+0.066% … +0.102%
Range
-0.177% … +0.276%
Std dev
±0.048%
tf
LONG
TxFlow(dex)
TxFlow(dex)- Mark Price
- $88.0670
- Exchange Ticker
- HYPE
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- +10.96%
- OI
- $3.69M
- 24h Vol
- $7.04M
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $88.1674
- Exchange Ticker
- HYPE-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $217.78K
- 24h Vol
- $2.42M
285 long / 285 short samples · 2 days · auto-refresh every 30s