To support the operation of advanced receiver autonomous integrity monitoring (ARAIM), an integrity support message indicating a minimum performance level of satellite constellation is required for aircraft navigation. With BDS-3 providing worldwide service since July 2020, it is desirable to undertake a detailed study on its signal-in-space range error characteristics and prior fault probabilities for ARAIM. The latest accuracy criteria released by the China Satellite Navigation Office in May 2021 is validated by the 27 MEO and IGSO satellites in orbit from July 2020 to June 2021, in which 10 single satellite faults were identified and analyzed in detail with no constellation fault found. Based on this one-year data, the probability of single satellite faults and constellation faults can be initially set as 8x10^(-5) and 1x10^(-3), respectively, for BDS-3 in ARAIM.