Funding arb · Price arb /

SQD

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Swap Backtest

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: Aster against Bitget+0.119%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.119% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SQDUSDT	0.02875	0.0100	pay 0.0050% / 4h	1h 39m	$736K	$59K	25x
Short	Aster SQDUSDT	0.02878	0.0100	get 0.0050% / 4h	1h 39m	$15K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → 0.000%: $11.92
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.08
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 21 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 Bitget live order book, 21 min ago	10.41 bp	44.4 bp −$44	330.5 bp −$3,305	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	+0.0083%	4h	0.02889	+0.487%	$82K	$41K	50x	as long as short
Aster SQDUSDTshort	+0.0100%	4h	0.02878	+0.119%	$15K	$1K	5x
Binance SQDUSDT	+0.0100%	4h	0.02881	+0.209%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02871	−0.139%	$888K	$382K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02878	+0.104%	$607K	$31K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02880	+0.174%	$5.8M	$180K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02874	−0.035%	$400K	$1.3M	50x	as long as short
Bitget SQDUSDTlong	+0.0100%	4h	0.02875	long leg	$736K	$59K	25x
BingX SQD-USDT	+0.0100%	4h	0.02874	−0.035%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02873	−0.054%	$11K	$52K	—	as long as short