MU · Convergence Trade
Current Spread
updated 0s ago+0.106%higher than 83% of spread values(window 1D)
long $974.3600 · short $975.3887(long 30s / short 4m old)
market median $974.1300· long +0.0%· short +0.1%
Profit Calculator
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% | 0.5% | 1.0% |
|---|---|---|---|
| Gross profit | +$10.56 | -$39.44 | -$89.44 |
| Round-trip fees | −$30.00 | −$30.00 | −$30.00 |
| Slippage(orderbook) | −$4.50 | −$4.50 | −$4.50 |
| Funding drag(est. 1h hold) | +$0.59 | +$0.59 | +$0.59 |
| Net potential | -$23.35 | -$73.35 | -$123.35 |
Breakeven move 0.3391%·Tradeability: 0.3× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.13%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 279 samples
Current
+0.106%
83 pct
Median
-0.062%
Average
-0.096%
P25 → P75
-0.232% … +0.024%
Range
-1.214% … +0.847%
Std dev
±0.296%
Size$
chart range
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LONG![trade[XYZ]](/icons/exchanges/hyperliquid.jpg)
trade[XYZ](dex)
trade[XYZ](dex)- Mark Price
- $974.3600
- Exchange Ticker
- xyz:MU
- Taker / Maker
- 9 / 3 bps
- Funding APR(1h)
- -1.32%
- OI
- $245.91M
- 24h Vol
- $372.99M
SHORT
BitMart(cex)
BitMart(cex)- Mark Price
- $975.3887
- Exchange Ticker
- MUUSDT
- Taker / Maker
- 6 / 2 bps
- Funding APR(8h)
- +50.39%
- OI
- $18.64M
- 24h Vol
- $1.78M
279 long / 171 short samples · 2 days · auto-refresh every 30s