BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.091%higher than 55% of spread values(window 1D)
long $0.1210 · short $0.1211(long 3m / short 3m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.1211· long -0.1%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.09%, but entry and exit cost 0.24% 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 0.09% 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 | +$9.09 | -$40.91 | -$90.91 |
| Round-trip fees | −$24.00 | −$24.00 | −$24.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.41 | +$0.41 | +$0.41 |
| Net potential | -$14.50 | -$64.50 | -$114.50 |
Breakeven move 0.2359%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.31%) — 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
+0.091%
55 pct
Median
+0.040%
Average
-0.012%
P25 → P75
-0.295% … +0.393%
Range
-5.155% … +2.704%
Std dev
±0.862%
tf
LONG
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.1210
- Exchange Ticker
- BARDUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -969.99%
- OI
- $594.92K
- 24h Vol
- $22.97M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.1211
- Exchange Ticker
- BARDUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -933.80%
- OI
- $2.36M
- 24h Vol
- $15.37M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short250 long / 259 short samples · 2 days · auto-refresh every 30s