Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX+0.104%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,583as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,571as in the Price arb table

costs, in and out, $10k−$1,58315.834% of the position

Long on BingX 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 7 days+0.149%+$15 · spread now +0.104%, 7d avg −0.015%

Together, before fees+0.149%+$15 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 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SQD-USDT	0.02874	0.0100	pay 0.0050% / 4h	1h 48m	—	$2.3M	—
Short	KuCoin SQDUSDTM	0.02877	0.0100	get 0.0050% / 4h	1h 48m	$400K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.015%: $11.94
Slippage, 4 orders: −$1,561.42
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,571.47
Costs to cover: 15.834%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 5 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 BingX live order book, 4 min ago	8.69 bp	33.7 bp −$34	121.7 bp −$1,217	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	5.21 bp	756.5 bp −$756	doesn't fit	doesn't fit	doesn't fit

SQD on 10 exchanges

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	+0.0071%	4h	0.02884	+0.348%	$80K	$26K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02877	+0.090%	$15K	$928	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02882	+0.272%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02872	−0.070%	$888K	$242K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02874	0.000%	$607K	$27K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02881	+0.244%	$5.8M	$179K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02877	+0.104%	$400K	$1.2M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02877	+0.104%	$746K	$58K	25x	as long as short
BingX SQD-USDTlong	+0.0100%	4h	0.02874	long leg	—	$2.3M	—
Variational Omni SQD	+0.0100%	4h	0.02871	−0.112%	$7K	$11K	—	as long as short