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

SQD

all SQD markets
SwapBacktest
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: Bybit against KuCoin−0.316%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,003as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,029as in the Price arb table
costs, in and out, $10k−$1,00310.029% of the position
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)+0.257%+$26 · spread now −0.316%, 7d avg −0.056%
Together, before fees+0.257%+$26 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: Bybit is 0.261% cheaper against KuCoin than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SQDUSDTM0.028450.0100pay 0.0050% / 4h1h 36m$399K$1.3M50x
ShortBybit SQDUSDT0.028360.0100get 0.0050% / 4h1h 36m$885K$501K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: −0.316% → −0.056%
−$26.07
Slippage, 4 orders
−$979.91
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,028.98
Costs to cover
10.029%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 44 min ago.

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, 4 min ago5.27 bp439.5 bp −$439doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 44 min ago14.06 bp52.6 bp −$53269.4 bp −$2,694doesn't fitdoesn't fit

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%4h0.02849+0.153%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02846+0.037%$1.2M$1.2M50xas long as short
Bybit SQDUSDTshort+0.0100%4h0.02836−0.316%$885K$501K20x
Gate SQD_USDT+0.0100%4h0.02841−0.141%$598K$43K20xas long as short
MEXC SQD_USDT+0.0100%4h0.02849+0.141%$5.8M$171K50xas long as short
KuCoin SQDUSDTMlong+0.0100%4h0.02845long leg$399K$1.3M50x
Bitget SQDUSDT+0.0100%4h0.028450.000%$728K$81K25xas long as short
BingX SQD-USDT+0.0100%4h0.02848+0.105%$2.3Mas long as short
Variational Omni SQD+0.0100%4h0.02844−0.029%$11K$52Kas long as short
BloFin SQD-USDT+0.0150%4h0.02855+0.351%$80K$43K50xas long as short