Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.173%7-day average +0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs−$427as in the Funding arb table

Net, price: spread back to 7d avg − costs−$430as in the Price arb table

costs, in and out, $10k−$4274.273% of the position

Long on Gate Short on MEXC

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)+0.134%+$13 · spread now +0.173%, 7d avg +0.204%

Together, before fees+0.134%+$13 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: MEXC is 0.031% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.204%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SQD_USDT	0.02887	0.0100	pay 0.0050% / 4h	3h 24m	$608K	$29K	20x
Short	MEXC SQD_USDT	0.02892	0.0100	get 0.0050% / 4h	3h 24m	$5.9M	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.204%: −$3.05
Slippage, 4 orders: −$408.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$430.39
Costs to cover: 4.273%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; MEXC: live order book, 3 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 Gate live order book, 27 min ago	15.51 bp	173.1 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	5.18 bp	23.8 bp −$24	77.1 bp −$771	263.8 bp −$26.4K	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	0.02887	+0.012%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02893	+0.196%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02883	−0.139%	$895K	$366K	20x	as long as short
Gate SQD_USDTlong	+0.0100%	4h	0.02887	long leg	$608K	$29K	20x
MEXC SQD_USDTshort	+0.0100%	4h	0.02892	+0.173%	$5.9M	$182K	50x
KuCoin SQDUSDTM	+0.0100%	4h	0.02889	+0.069%	$399K	$1.3M	50x	as long as short
Bitget SQDUSDT	+0.0100%	4h	0.02892	+0.173%	$742K	$57K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02885	−0.069%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02881	−0.209%	$7K	$41K	—	as long as short
BloFin SQD-USDT	+0.0125%	4h	0.02895	+0.277%	$80K	$41K	50x	as long as short