Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Gate0.000%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,606as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,609as in the Price arb table

costs, in and out, $10k−$1,60616.059% of the position

Long on Gate 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)+0.177%+$18 · spread now 0.000%, 7d avg +0.030%

Together, before fees+0.177%+$18 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 0.030% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SQD_USDT	0.02892	0.0100	pay 0.0050% / 4h	53m 17s	$609K	$45K	20x
Short	KuCoin SQDUSDTM	0.02892	0.0100	get 0.0050% / 4h	53m 17s	$406K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.030%: −$3.02
Slippage, 4 orders: −$1,578.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,608.92
Costs to cover: 16.059%
Break-even: never at this rate

Slippage from Gate: live order book, 23 min ago; KuCoin: live order book, 2 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 Gate live order book, 23 min ago	10.53 bp	264.2 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.18 bp	618.1 bp −$618	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	0.02893	+0.045%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02897	+0.187%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02888	−0.138%	$899K	$510K	20x	as long as short
Gate SQD_USDTlong	+0.0100%	4h	0.02892	long leg	$609K	$45K	20x
MEXC SQD_USDT	+0.0100%	4h	0.02897	+0.173%	$5.9M	$171K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02892	0.000%	$406K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02892	0.000%	$741K	$81K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02892	0.000%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02881	−0.394%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0152%	4h	0.02903	+0.380%	$81K	$44K	50x	as long as short