Funding arb · Price arb /

SQD

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Swap Backtest

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: KuCoin against BingX−0.104%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,416as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,425as in the Price arb table

costs, in and out, $10k−$1,41614.156% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.294%+$29 · spread now −0.104%, 7d avg −0.012%

Together, before fees+0.294%+$29 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: KuCoin is 0.092% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SQD-USDT	0.02888	0.0100	pay 0.0050% / 4h	1h 35m	—	$2.3M	—
Short	KuCoin SQDUSDTM	0.02885	0.0100	get 0.0050% / 4h	1h 35m	$400K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.012%: −$9.21
Slippage, 4 orders: −$1,393.57
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,424.78
Costs to cover: 14.156%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 10 min ago.

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, 3 min ago	8.67 bp	34.1 bp −$34	112.3 bp −$1,123	1237.4 bp −$123.7K	1474.7 bp −$737.3K
Sell KuCoin live order book, 10 min ago	3.47 bp	589.0 bp −$589	doesn't fit	doesn't fit	doesn't fit

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	+0.0062%	4h	0.02895	+0.242%	$80K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02889	+0.025%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02892	+0.139%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02882	−0.208%	$894K	$341K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02885	−0.104%	$608K	$28K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02892	+0.139%	$5.9M	$181K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02885	−0.104%	$400K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02886	−0.069%	$740K	$55K	25x	as long as short
BingX SQD-USDTlong	+0.0100%	4h	0.02888	long leg	—	$2.3M	—
Variational Omni SQD	+0.0100%	4h	0.02880	−0.260%	$7K	$33K	—	as long as short