Funding arb · Price arb /

SQD

all SQD markets

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: Gate against Bitget−0.140%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$419as in the Funding arb table

Net, price: spread back to 7d avg − costs−$426as in the Price arb table

costs, in and out, $10k−$4194.191% of the position

Long on Bitget Short on Gate

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)−0.030%−$3 · spread now −0.140%, 7d avg −0.076%

Together, before fees−0.030%−$3 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: Gate is 0.064% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SQDUSDT	0.02866	0.0100	pay 0.0050% / 4h	2h 50m	$733K	$69K	25x
Short	Gate SQD_USDT	0.02862	0.0100	get 0.0050% / 4h	2h 50m	$604K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → −0.076%: −$6.4
Slippage, 4 orders: −$392.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$425.55
Costs to cover: 4.191%
Break-even: never at this rate

Slippage from Bitget: live order book, 14 min ago; Gate: live order book, 15 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 Bitget live order book, 14 min ago	8.70 bp	39.0 bp −$39	303.4 bp −$3,034	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	12.18 bp	162.8 bp −$163	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
Aster SQDUSDT	+0.0100%	4h	0.02866	+0.006%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02875	+0.303%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02865	−0.035%	$888K	$417K	20x	as long as short
Gate SQD_USDTshort	+0.0100%	4h	0.02862	−0.140%	$604K	$35K	20x
MEXC SQD_USDT	+0.0100%	4h	0.02874	+0.279%	$5.9M	$171K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02866	0.000%	$398K	$1.3M	50x	as long as short
Bitget SQDUSDTlong	+0.0100%	4h	0.02866	long leg	$733K	$69K	25x
BingX SQD-USDT	+0.0100%	4h	0.02868	+0.070%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02860	−0.225%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0123%	4h	0.02864	−0.070%	$81K	$41K	50x	as long as short