BARD · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old+0.243%higher than 45% of spread values(window 1D)
long $0.1232 · short $0.1235(long 1m / short 5m old)
Entry Spread (order book)order book loading (~30s) — refresh to see it
market median $0.1241· long -0.7%· short -0.5%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.24%, but entry and exit cost 0.55% 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 0.24% 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 | +$24.35 | -$25.65 | -$75.65 |
| Round-trip fees | −$22.00 | −$22.00 | −$22.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | −$1.99 | −$1.99 | −$1.99 |
| Net potential | -$30.86 | -$80.86 | -$130.86 |
Breakeven move 0.5521%·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 0.48%) — 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
+0.243%
45 pct
Median
+0.321%
Average
+0.402%
P25 → P75
-0.079% … +0.799%
Range
-2.056% … +5.577%
Std dev
±0.951%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.1232
- Exchange Ticker
- BARD-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -863.97%
- OI
- $2.75M
- 24h Vol
- $85.84M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Hotcoin(cex)
Hotcoin(cex)- Mark Price
- $0.1235
- Exchange Ticker
- BARDUSDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -1038.09%
- OI
- $625.00K
- 24h Vol
- $23.64M
259 long / 251 short samples · 2 days · auto-refresh every 30s