Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQDUSDTM	0.02888	0.0100	pay 0.0050% / 4h	1m 36s	$404K	$1.3M	50x
Short	Aster SQDUSDT	0.02887	0.0100	get 0.0050% / 4h	1m 36s	$15K	$928	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → 0.000%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Aster: no order-book sample. Net counts fees only.

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 KuCoin live order book, 4 min ago	8.64 bp	573.0 bp −$573	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0088%	4h	0.02893	+0.173%	$80K	$29K	50x	as long as short
Aster SQDUSDTshort	+0.0100%	4h	0.02887	−0.019%	$15K	$928	5x
Binance SQDUSDT	+0.0100%	4h	0.02890	+0.074%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02880	−0.277%	$889K	$333K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02885	−0.104%	$608K	$29K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02890	+0.069%	$5.9M	$184K	50x	as long as short
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02888	long leg	$404K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02885	−0.104%	$740K	$55K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02887	−0.035%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02882	−0.221%	$7K	$33K	—	as long as short