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

SQD

all SQD markets
SwapBacktest
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: MEXC against BingX+0.174%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1231.226% 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 7 days+0.002%$0 · spread now +0.174%, 7d avg +0.111%
Together, before fees+0.002%$0 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: MEXC is 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SQD-USDT0.028770.0100pay 0.0050% / 4h2h 28m$2.3M
ShortMEXC SQD_USDT0.028820.0100get 0.0050% / 4h2h 28m$5.9M$173K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.174% → +0.111%
$6.28
Slippage, 4 orders
−$108.6
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$116.32
Costs to cover
1.226%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 4 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, 10 min ago10.49 bp38.6 bp −$39119.7 bp −$1,197doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.74 bp26.6 bp −$2775.3 bp −$753269.0 bp −$26.9Kdoesn't fit

SQD on 9 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%4h0.02876−0.048%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02882+0.181%$1.2M$1.3M50xas long as short
Bybit SQDUSDT+0.0100%4h0.028770.000%$890K$410K20xas long as short
Gate SQD_USDT+0.0100%4h0.02875−0.070%$606K$35K20xas long as short
MEXC SQD_USDTshort+0.0100%4h0.02882+0.174%$5.9M$173K50x
KuCoin SQDUSDTM+0.0100%4h0.028770.000%$400K$1.3M50xas long as short
Bitget SQDUSDT+0.0100%4h0.02879+0.070%$736K$65K25xas long as short
BingX SQD-USDTlong+0.0100%4h0.02877long leg$2.3M
Variational Omni SQD+0.0100%4h0.02869−0.294%$11K$52Kas long as short