BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old+0.083%higher than 46% of spread values(window 1D)
long $0.1212 · short $0.1213(long 4m / short 3m old)
Entry Spread (order book)-0.420%on $10,000
long $0.1211 · short $0.1206(average execution prices, not mark)
market median $0.1211· long +0.1%· short +0.2%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.27% 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 | +$8.25 | -$41.75 | -$91.75 |
| Round-trip fees | −$25.00 | −$25.00 | −$25.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$1.72 | −$1.72 | −$1.72 |
| Net potential | -$18.47 | -$68.47 | -$118.47 |
Breakeven move 0.2672%·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 0.46%) — 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
+0.083%
46 pct
Median
+0.219%
Average
+0.311%
P25 → P75
-0.279% … +0.699%
Range
-2.677% … +6.303%
Std dev
±1.020%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.1212
- Exchange Ticker
- BARD-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -835.34%
- OI
- $2.71M
- 24h Vol
- $82.63M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.1213
- Exchange Ticker
- BARD_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(4h)
- -986.39%
- OI
- $482.88K
- 24h Vol
- $12.99M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 254 short samples · 2 days · auto-refresh every 30s