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: Bybit against KuCoin0.000%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,519as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,513as in the Price arb table

costs, in and out, $10k−$1,51915.186% of the position

Long on KuCoin Short on Bybit

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)−0.059%−$6 · spread now 0.000%, 7d avg −0.059%

Together, before fees−0.059%−$6 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: Bybit is 0.059% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQDUSDTM	0.02880	0.0100	pay 0.0050% / 4h	2h 49m	$399K	$1.3M	50x
Short	Bybit SQDUSDT	0.02880	0.0100	get 0.0050% / 4h	2h 49m	$894K	$353K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.059%: $5.94
Slippage, 4 orders: −$1,495.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,512.68
Costs to cover: 15.186%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Bybit: live order book, 60 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 KuCoin live order book, 11 min ago	6.98 bp	739.0 bp −$739	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 60 min ago	8.63 bp	52.5 bp −$52	197.8 bp −$1,978	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
BloFin SQD-USDT	+0.0073%	4h	0.02883	+0.104%	$80K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02883	+0.119%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02889	+0.313%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDTshort	+0.0100%	4h	0.02880	0.000%	$894K	$353K	20x
Gate SQD_USDT	+0.0100%	4h	0.02880	0.000%	$607K	$28K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02888	+0.278%	$5.9M	$180K	50x	as long as short
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02880	long leg	$399K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02880	0.000%	$738K	$55K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02884	+0.139%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02871	−0.313%	$7K	$35K	—	as long as short