BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.080%higher than 12% of spread values(window 1D)
long $0.1253 · short $0.1254(long 1m / short 2m old)
Entry Spread (order book)+0.410%on $10,000
long $0.1251 · short $0.1256(average execution prices, not mark)
market median $0.1243· long +0.8%· short +0.9%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.30% 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 0.08% 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 | +$7.98 | -$42.02 | -$92.02 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$8.47 | +$8.47 | +$8.47 |
| Net potential | -$22.46 | -$72.46 | -$122.46 |
Breakeven move 0.3044%·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 1.02%) — 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
+0.080%
12 pct
Median
+0.984%
Average
+1.048%
P25 → P75
+0.557% … +1.541%
Range
-3.108% … +3.869%
Std dev
±0.960%
tf
LONG
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.1253
- Exchange Ticker
- BARD_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -1154.92%
- OI
- $509.26K
- 24h Vol
- $13.88M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Variational(dex)
Variational(dex)- Mark Price
- $0.1254
- Exchange Ticker
- BARD
- Taker / Maker
- 0% / 0%
- Funding APR(4h)
- -413.08%
- OI
- $87.95K
- 24h Vol
- $55.37K
255 long / 252 short samples · 2 days · auto-refresh every 30s