Funding arb · Price arb /

SQD

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Swap Backtest

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: Aster against Bybit+0.399%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.399% dearer against Bybit than usual: you sell high and buy low, +$40 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	Bybit SQDUSDT	0.02853	0.0100	pay 0.0050% / 4h	1h 26m	$889K	$504K	20x
Short	Aster SQDUSDT	0.02864	0.0100	get 0.0050% / 4h	1h 26m	$15K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.399%Rate

Funding earned: $0
Price spread: +0.399% → 0.000%: $39.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: $20.93
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 54 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 Bybit live order book, 54 min ago	14.06 bp	65.7 bp −$66	753.4 bp −$7,534	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
Aster SQDUSDTshort	+0.0100%	4h	0.02864	+0.399%	$15K	$1K	5x
Binance SQDUSDT	+0.0100%	4h	0.02860	+0.261%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDTlong	+0.0100%	4h	0.02853	long leg	$889K	$504K	20x
Gate SQD_USDT	+0.0100%	4h	0.02863	+0.351%	$603K	$44K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02859	+0.210%	$5.8M	$171K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02862	+0.315%	$409K	$1.3M	50x	as long as short
Bitget SQDUSDT	+0.0100%	4h	0.02858	+0.175%	$732K	$82K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02857	+0.140%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02838	−0.521%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0151%	4h	0.02867	+0.491%	$81K	$43K	50x	as long as short