BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.340%higher than 72% of spread values(window 1D)
long $0.1205 · short $0.1209(long 51s / short 3m old)
Entry Spread (order book)-0.211%on $10,000
long $0.1202 · short $0.1199(average execution prices, not mark)
market median $0.1207· long -0.2%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.34%, but entry and exit cost 0.75% 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 0.34% 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 | +$34.02 | -$15.98 | -$65.98 |
| Round-trip fees | −$16.00 | −$16.00 | −$16.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.33 | +$0.33 | +$0.33 |
| Net potential | -$41.15 | -$91.15 | -$141.15 |
Breakeven move 0.7517%·Tradeability: 0.5× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.34%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 278 samples
Current
+0.340%
72 pct
Median
+0.016%
Average
+0.057%
P25 → P75
-0.306% … +0.390%
Range
-3.265% … +2.830%
Std dev
±0.723%
tf
LONG
MEXC(cex)
MEXC(cex)- Mark Price
- $0.1205
- Exchange Ticker
- BARD_USDT
- Taker / Maker
- 0.02% / 0%
- Funding APR(4h)
- -945.85%
- OI
- $988.16K
- 24h Vol
- $18.09M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
KuCoin(cex)
KuCoin(cex)- Mark Price
- $0.1209
- Exchange Ticker
- BARDUSDTM
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -917.36%
- OI
- $2.26M
- 24h Vol
- $15.35M
253 long / 261 short samples · 2 days · auto-refresh every 30s