BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 2m old+0.250%higher than 59% of spread values(window 1D)
long $0.1201 · short $0.1204(long 1m / short 2m old)
Entry Spread (order book)-0.158%on $10,000
long $0.1204 · short $0.1202(average execution prices, not mark)
market median $0.1206· long -0.4%· short -0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Slippage is not in these figures yet — the order book is still loading. Breakeven is understated and tradeability overstated until it arrives; wait for the refresh before judging the trade.
Three scenarios: the current spread 0.25% 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 | +$24.98 | -$25.02 | -$75.02 |
| Round-trip fees | −$20.00 | −$20.00 | −$20.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$1.62 | −$1.62 | −$1.62 |
| Net potential | +$3.36 | -$46.64 | -$96.64 |
Breakeven move 0.2162%·Tradeability: 1.2× round-trip cost · marginal — barely covers costs
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.40%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 281 samples
Current
+0.250%
59 pct
Median
+0.146%
Average
+0.180%
P25 → P75
-0.261% … +0.556%
Range
-2.587% … +4.380%
Std dev
±0.849%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.1201
- Exchange Ticker
- BARD-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -773.41%
- OI
- $2.67M
- 24h Vol
- $80.57M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
BingX(cex)
BingX(cex)- Mark Price
- $0.1204
- Exchange Ticker
- BARD-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -915.61%
- OI
- $740.32K
- 24h Vol
- $6.73M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short259 long / 250 short samples · 2 days · auto-refresh every 30s