Settings8H · net · $10k
Funding arb · Price arb /

SQD

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SwapBacktest
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: Gate against MEXC−0.070%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$436as in the Funding arb table
Net, price: spread back to 7d avg − costs−$423as in the Price arb table
costs, in and out, $10k−$4364.364% of the position
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)−0.248%−$25 · spread now −0.070%, 7d avg −0.204%
Together, before fees−0.248%−$25 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: Gate is 0.134% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.204%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SQD_USDT0.028650.0100pay 0.0050% / 4h2h 28m$5.8M$182K50x
ShortGate SQD_USDT0.028630.0100get 0.0050% / 4h2h 28m$603K$29K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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

Funding earned
$0
Price spread: −0.070% → −0.204%
$13.44
Slippage, 4 orders
−$417.44
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$423
Costs to cover
4.364%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago3.48 bp23.4 bp −$2380.4 bp −$804248.2 bp −$24.8Kdoesn't fit
Sell Gate live order book, 18 min ago12.13 bp189.1 bp −$189doesn't fitdoesn't fitdoesn't fit

SQD on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SQDUSDT+0.0100%4h0.02864−0.026%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02867+0.070%$1.2M$1.3M50xas long as short
Bybit SQDUSDT+0.0100%4h0.02853−0.419%$885K$352K20xas long as short
Gate SQD_USDTshort+0.0100%4h0.02863−0.070%$603K$29K20x
MEXC SQD_USDTlong+0.0100%4h0.02865long leg$5.8M$182K50x
KuCoin SQDUSDTM+0.0100%4h0.02858−0.244%$396K$1.3M50xas long as short
Bitget SQDUSDT+0.0100%4h0.02861−0.140%$734K$55K25xas long as short
BingX SQD-USDT+0.0100%4h0.02859−0.209%$2.3Mas long as short
Variational Omni SQD+0.0100%4h0.02861−0.138%$7K$35Kas long as short
BloFin SQD-USDT+0.0140%4h0.02876+0.384%$79K$41K50xas long as short