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

SQD

all SQD markets
SwapBacktest
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: Bybit against Bitget−0.209%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1831.833% 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)+0.117%+$12 · spread now −0.209%, 7d avg −0.102%
Together, before fees+0.117%+$12 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 0.107% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SQDUSDT0.028730.0100pay 0.0050% / 4h3h 12m$735K$69K25x
ShortBybit SQDUSDT0.028670.0100get 0.0050% / 4h3h 12m$890K$415K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.209% → −0.102%
−$10.72
Slippage, 4 orders
−$160.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$194.01
Costs to cover
1.833%
Break-even
never at this rate
Slippage from Bitget: live order book, 58 min ago; Bybit: live order book, 58 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 Bitget live order book, 58 min ago13.86 bp34.1 bp −$34363.7 bp −$3,637doesn't fitdoesn't fit
Sell Bybit live order book, 58 min ago10.42 bp53.2 bp −$53214.3 bp −$2,143doesn'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
BloFin SQD-USDT+0.0081%4h0.02875+0.070%$82K$41K50xas long as short
Aster SQDUSDT+0.0100%4h0.02870−0.104%$15K$1K5xas long as short
Binance SQDUSDT+0.0100%4h0.02876+0.101%$1.2M$1.3M50xas long as short
Bybit SQDUSDTshort+0.0100%4h0.02867−0.209%$890K$415K20x
Gate SQD_USDT+0.0100%4h0.02867−0.209%$605K$42K20xas long as short
MEXC SQD_USDT+0.0100%4h0.02876+0.104%$5.9M$175K50xas long as short
KuCoin SQDUSDTM+0.0100%4h0.02875+0.070%$402K$1.3M50xas long as short
Bitget SQDUSDTlong+0.0100%4h0.02873long leg$735K$69K25x
BingX SQD-USDT+0.0100%4h0.02871−0.070%$2.3Mas long as short
Variational Omni SQD+0.0100%4h0.02867−0.207%$11K$52Kas long as short