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: KuCoin against Bitget−0.069%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,409as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,412as in the Price arb table

costs, in and out, $10k−$1,40914.090% of the position

Long on Bitget 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 4 days (all we have)+0.033%+$3 · spread now −0.069%, 7d avg −0.042%

Together, before fees+0.033%+$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: KuCoin is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SQDUSDT	0.02899	0.0100	pay 0.0050% / 4h	50m 43s	$741K	$56K	25x
Short	KuCoin SQDUSDTM	0.02897	0.0100	get 0.0050% / 4h	50m 43s	$404K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.042%: −$2.74
Slippage, 4 orders: −$1,385.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,411.75
Costs to cover: 14.090%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	8.60 bp	26.9 bp −$27	283.7 bp −$2,837	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.72 bp	620.9 bp −$621	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	+0.0046%	4h	0.02902	+0.103%	$82K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02901	+0.075%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02897	−0.069%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02891	−0.276%	$890K	$380K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02899	0.000%	$611K	$29K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02902	+0.103%	$5.9M	$179K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02897	−0.069%	$404K	$1.3M	50x
Bitget SQDUSDTlong	+0.0100%	4h	0.02899	long leg	$741K	$56K	25x
BingX SQD-USDT	+0.0100%	4h	0.02899	0.000%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02893	−0.207%	$7K	$56K	—	as long as short