Settings8H · net · $10k
Funding arb · Price arb /

SQD

all SQD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.035%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1501.503% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.035%, 7d avg −0.012%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SQD-USDT0.028700.0100pay 0.0050% / 4h2h 32m$2.3M
ShortBitget SQDUSDT0.028710.0100get 0.0050% / 4h2h 32m$736K$55K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.035% → −0.012%
$4.65
Slippage, 4 orders
−$128.29
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$145.64
Costs to cover
1.503%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; Bitget: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 1 min ago10.46 bp37.2 bp −$37107.1 bp −$1,0711263.4 bp −$126.3K1532.6 bp −$766.3K
Sell Bitget live order book, 13 min ago10.40 bp38.7 bp −$39158.4 bp −$1,584doesn't fitdoesn't fit

SQD on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SQDUSDT+0.0100%4h0.02869−0.029%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02877+0.244%$1.2M$1.3M50xas long as short
Bybit SQDUSDT+0.0100%4h0.02863−0.244%$888K$352K20xas long as short
Gate SQD_USDT+0.0100%4h0.02867−0.105%$604K$29K20xas long as short
MEXC SQD_USDT+0.0100%4h0.02876+0.209%$5.8M$181K50xas long as short
KuCoin SQDUSDTM+0.0100%4h0.02864−0.209%$399K$1.3M50xas long as short
Bitget SQDUSDTshort+0.0100%4h0.02871+0.035%$736K$55K25x
BingX SQD-USDTlong+0.0100%4h0.02870long leg$2.3M
Variational Omni SQD+0.0100%4h0.02871+0.019%$7K$35Kas long as short
BloFin SQD-USDT+0.0115%4h0.02871+0.035%$79K$41K50xas long as short