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

SQD

all SQD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.310%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1181.176% 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)+0.220%+$22 · spread now −0.310%, 7d avg −0.131%
Together, before fees+0.220%+$22 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: Bitget is 0.178% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SQD_USDT0.029070.0100pay 0.0050% / 4h28m 50s$5.9M$181K50x
ShortBitget SQDUSDT0.028980.0100get 0.0050% / 4h28m 50s$741K$54K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: −0.310% → −0.131%
−$17.85
Slippage, 4 orders
−$101.57
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$135.42
Costs to cover
1.176%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 27 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 MEXC live order book, 4 min ago3.43 bp21.8 bp −$2284.5 bp −$845256.1 bp −$25.6Kdoesn't fit
Sell Bitget live order book, 27 min ago8.60 bp35.4 bp −$35135.0 bp −$1,350doesn'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%4h0.02905−0.071%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02906−0.034%$1.2M$1.3M50xas long as short
Bybit SQDUSDT+0.0100%4h0.02899−0.275%$899K$368K20xas long as short
Gate SQD_USDT+0.0100%4h0.02902−0.172%$612K$30K20xas long as short
MEXC SQD_USDTlong+0.0100%4h0.02907long leg$5.9M$181K50x
KuCoin SQDUSDTM+0.0100%4h0.02900−0.241%$407K$1.3M50xas long as short
Bitget SQDUSDTshort+0.0100%4h0.02898−0.310%$741K$54K25x
BingX SQD-USDT+0.0100%4h0.02901−0.206%$2.3Mas long as short
Variational Omni SQD+0.0100%4h0.02907+0.017%$7K$41Kas long as short
BloFin SQD-USDT+0.0133%4h0.02906−0.034%$81K$42K50xas long as short