HYPE · Convergence Trade
Current Spread (mark)
updated 9s ago+0.010%higher than 17% of spread values(window 1D)
long $69.3279 · short $69.3350
Entry Spread (order book)+0.029%on $10,000
long $69.3791 · short $69.3989(average execution prices, not mark)
market median $69.3325· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.01%, but entry and exit cost 0.13% 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 0.01% 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 | +$1.02 | -$48.98 | -$98.98 |
| Round-trip fees | −$12.00 | −$12.00 | −$12.00 |
| Slippage(orderbook) | −$1.54 | −$1.54 | −$1.54 |
| Funding drag(est. 1h hold) | +$0.32 | +$0.32 | +$0.32 |
| Net potential | -$12.20 | -$62.20 | -$112.20 |
Breakeven move 0.1322%·Tradeability: 0.1× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.08%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 284 samples
Current
+0.010%
17 pct
Median
+0.073%
Average
+0.080%
P25 → P75
+0.035% … +0.124%
Range
-0.405% … +0.848%
Std dev
±0.112%
tf
LONG
Variational(dex)
Variational(dex)- Mark Price
- $69.3279
- Exchange Ticker
- HYPE
- Taker / Maker
- 0% / 0%
- Funding APR(8h)
- +10.96%
- OI
- $26.84M
- 24h Vol
- $47.55M
SHORT
BloFin(cex)
BloFin(cex)- Mark Price
- $69.3350
- Exchange Ticker
- HYPE-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- +38.56%
- OI
- $16.56M
- 24h Vol
- $14.80M
284 long / 284 short samples · 2 days · auto-refresh every 30s