BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.096%higher than 8% of spread values(window 1D)
long $0.1254 · short $0.1255(long 5m / short 2m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.1252· long +0.2%· short +0.3%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.10%, but entry and exit cost 1.09% 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 0.10% 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 | +$9.57 | -$40.43 | -$90.43 |
| Round-trip fees | −$23.00 | −$23.00 | −$23.00 |
| Slippage(orderbook) | −$91.30 | −$91.30 | −$91.30 |
| Funding drag(est. 1h hold) | +$5.19 | +$5.19 | +$5.19 |
| Net potential | -$99.54 | -$149.54 | -$199.54 |
Breakeven move 1.0911%·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 1.19%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 280 samples
Current
+0.096%
8 pct
Median
+1.168%
Average
+1.181%
P25 → P75
+0.688% … +1.766%
Range
-2.926% … +3.793%
Std dev
±0.917%
tf
LONG
BloFin(cex)
BloFin(cex)- Mark Price
- $0.1254
- Exchange Ticker
- BARD-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -1066.17%
- OI
- $400.30K
- 24h Vol
- $1.02M
SHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.1255
- Exchange Ticker
- BARDUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- -611.32%
- OI
- $6.93M
- 24h Vol
- $93.23M
252 long / 254 short samples · 2 days · auto-refresh every 30s