Funding arb · Price arb /

SQD

all SQD markets

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: Binance against Bybit+0.106%7-day average +0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1951.951% of the position

Long on Bybit Short on Binance

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)+0.063%+$6 · spread now +0.106%, 7d avg +0.235%

Together, before fees+0.063%+$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: Binance is 0.130% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.235%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SQDUSDT	0.02840	0.0100	pay 0.0050% / 4h	2h 10m	$886K	$496K	20x
Short	Binance SQDUSDT	0.02843	0.0100	get 0.0050% / 4h	2h 10m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.235%: −$12.97
Slippage, 4 orders: −$174.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$208.05
Costs to cover: 1.951%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; Binance: live order book, 7 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 Bybit live order book, 10 min ago	14.06 bp	65.7 bp −$66	753.4 bp −$7,534	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	3.51 bp	31.8 bp −$32	136.8 bp −$1,368	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	+0.0052%	4h	0.02851	+0.387%	$81K	$43K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02842	+0.080%	$15K	$1K	5x	as long as short
Binance SQDUSDTshort	+0.0100%	4h	0.02843	+0.106%	$1.2M	$1.2M	50x
Bybit SQDUSDTlong	+0.0100%	4h	0.02840	long leg	$886K	$496K	20x
Gate SQD_USDT	+0.0100%	4h	0.02842	+0.070%	$598K	$43K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02843	+0.106%	$5.8M	$172K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02840	0.000%	$394K	$1.2M	50x	as long as short
Bitget SQDUSDT	+0.0100%	4h	0.02838	−0.070%	$727K	$83K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02845	+0.176%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02835	−0.179%	$11K	$52K	—	as long as short