Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.140%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,611as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,603as in the Price arb table

costs, in and out, $10k−$1,61116.105% of the position

Long on Bybit 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)−0.081%−$8 · spread now +0.140%, 7d avg +0.063%

Together, before fees−0.081%−$8 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 0.077% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SQDUSDT	0.02858	0.0100	pay 0.0050% / 4h	52m 06s	$882K	$233K	20x
Short	KuCoin SQDUSDTM	0.02862	0.0100	get 0.0050% / 4h	52m 06s	$396K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.063%: $7.66
Slippage, 4 orders: −$1,587.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,602.87
Costs to cover: 16.105%
Break-even: never at this rate

Slippage from Bybit: live order book, 51 min ago; KuCoin: live order book, 1 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 Bybit live order book, 51 min ago	8.68 bp	53.9 bp −$54	1151.8 bp −$11.5K	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.75 bp	603.0 bp −$603	doesn't fit	doesn't fit	doesn't fit

SQD on 10 exchanges

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	0.02865	+0.245%	$15K	$928	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02867	+0.315%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDTlong	+0.0100%	4h	0.02858	long leg	$882K	$233K	20x
Gate SQD_USDT	+0.0100%	4h	0.02863	+0.175%	$605K	$26K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02867	+0.315%	$5.8M	$176K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02862	+0.140%	$396K	$1.2M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02862	+0.140%	$742K	$60K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02864	+0.210%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02863	+0.183%	$7K	$11K	—	as long as short
BloFin SQD-USDT	+0.0103%	4h	0.02870	+0.420%	$79K	$25K	50x	as long as short