Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX−0.005%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SQD-USDT	0.02907	0.0100	pay 0.0050% / 4h	55m 31s	—	$2.3M	—
Short	Aster SQDUSDT	0.02907	0.0100	get 0.0050% / 4h	55m 31s	$15K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee AsterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 8 min ago	10.36 bp	44.8 bp −$45	138.3 bp −$1,383	1218.0 bp −$121.8K	1434.4 bp −$717.2K
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SQD on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SQD-USDT	+0.0061%	4h	0.02910	+0.103%	$82K	$42K	50x	as long as short
Aster SQDUSDTshort	+0.0100%	4h	0.02907	−0.005%	$15K	$1K	5x
Binance SQDUSDT	+0.0100%	4h	0.02910	+0.103%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02903	−0.138%	$894K	$379K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02903	−0.138%	$612K	$29K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02905	−0.069%	$5.9M	$179K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02903	−0.138%	$405K	$1.3M	50x	as long as short
Bitget SQDUSDT	+0.0100%	4h	0.02903	−0.138%	$742K	$57K	25x	as long as short
BingX SQD-USDTlong	+0.0100%	4h	0.02907	long leg	—	$2.3M	—
Variational Omni SQD	+0.0100%	4h	0.02902	−0.188%	$7K	$56K	—	as long as short