Funding arb · Price arb /

SQD

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Swap Backtest

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: Binance against Gate+0.238%7-day average +0.209% · you sell dearer than you buy

Net, funding: paid 7d − costs−$481as in the Funding arb table

Net, price: spread back to 7d avg − costs−$478as in the Price arb table

costs, in and out, $10k−$4814.812% of the position

Long on Gate 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)+0.061%+$6 · spread now +0.238%, 7d avg +0.209%

Together, before fees+0.061%+$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 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.209%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SQD_USDT	0.02901	0.0100	pay 0.0050% / 4h	3h 59m	$611K	$41K	20x
Short	Binance SQDUSDT	0.02908	0.0100	get 0.0050% / 4h	3h 59m	$1.2M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.238%Rate

Funding earned: $0
Price spread: +0.238% → +0.209%: $2.97
Slippage, 4 orders: −$456.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$478.2
Costs to cover: 4.812%
Break-even: never at this rate

Slippage from Gate: live order book, 12 min ago; Binance: live order book, 4 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, 12 min ago	12.15 bp	205.3 bp −$205	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	5.17 bp	33.6 bp −$34	129.9 bp −$1,299	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
Aster SQDUSDT	+0.0100%	4h	0.02899	−0.056%	$15K	$1K	5x	as long as short
Binance SQDUSDTshort	+0.0100%	4h	0.02908	+0.238%	$1.2M	$1.3M	50x
Bybit SQDUSDT	+0.0100%	4h	0.02899	−0.069%	$902K	$512K	20x	as long as short
Gate SQD_USDTlong	+0.0100%	4h	0.02901	long leg	$611K	$41K	20x
MEXC SQD_USDT	+0.0100%	4h	0.02908	+0.241%	$5.9M	$172K	50x	as long as short
KuCoin SQDUSDTM	+0.0100%	4h	0.02906	+0.172%	$408K	$1.3M	50x	as long as short
Bitget SQDUSDT	+0.0100%	4h	0.02901	0.000%	$743K	$81K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02902	+0.034%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02892	−0.324%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0107%	4h	0.02906	+0.172%	$81K	$42K	50x	as long as short