Settings8H · net · $10k
Funding arb · Price arb /

SQD

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against KuCoin+0.069%95s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SQDUSDTM0.028900.0100pay 0.0050% / 4h3h 29m$401K$1.3M50x
ShortBloFin SQD-USDT0.028920.0160get 0.0080% / 4h3h 29m$81K$41K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$12.52
Price spread: +0.069% → 0.000%
$6.92
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$4.56
Costs to cover
0.240%
Break-even
9.5 days
Slippage unknown: KuCoin: live order book, 5 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago3.47 bp527.5 bp −$528doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SQDUSDT+0.0100%4h0.02892+0.064%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02896+0.208%$1.2M$1.3M50xas long as short
Bybit SQDUSDT+0.0100%4h0.02888−0.069%$897K$366K20xas long as short
Gate SQD_USDT+0.0100%4h0.028900.000%$609K$29K20xas long as short
MEXC SQD_USDT+0.0100%4h0.02896+0.208%$5.9M$182K50xas long as short
KuCoin SQDUSDTMlong+0.0100%4h0.02890long leg$401K$1.3M50x
Bitget SQDUSDT+0.0100%4h0.02886−0.138%$740K$57K25xas long as short
BingX SQD-USDT+0.0100%4h0.02892+0.069%$2.3Mas long as short
Variational Omni SQD+0.0100%4h0.028900.000%$7K$41Kas long as short
BloFin SQD-USDTshort+0.0160%4h0.02892+0.069%$81K$41K50x