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: KuCoin against Bitget0.000%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,503as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,499as in the Price arb table

costs, in and out, $10k−$1,50315.030% of the position

Long on Bitget 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 4 days (all we have)−0.036%−$4 · spread now 0.000%, 7d avg −0.042%

Together, before fees−0.036%−$4 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 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SQDUSDT	0.02900	0.0100	pay 0.0050% / 4h	15m 12s	$742K	$54K	25x
Short	KuCoin SQDUSDTM	0.02900	0.0100	get 0.0050% / 4h	15m 12s	$402K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.042%: $4.16
Slippage, 4 orders: −$1,478.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,498.83
Costs to cover: 15.030%
Break-even: never at this rate

Slippage from Bitget: live order book, 40 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 Bitget live order book, 40 min ago	8.60 bp	26.9 bp −$27	283.7 bp −$2,837	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.45 bp	751.6 bp −$752	doesn't fit	doesn't fit	doesn't fit

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
Aster SQDUSDT	+0.0100%	4h	0.02903	+0.109%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02907	+0.241%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02896	−0.138%	$899K	$368K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02901	+0.034%	$612K	$30K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02908	+0.276%	$5.9M	$182K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02900	0.000%	$402K	$1.3M	50x
Bitget SQDUSDTlong	+0.0100%	4h	0.02900	long leg	$742K	$54K	25x
BingX SQD-USDT	+0.0100%	4h	0.02902	+0.069%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02898	−0.069%	$7K	$41K	—	as long as short
BloFin SQD-USDT	+0.0160%	4h	0.02910	+0.345%	$81K	$42K	50x	as long as short