Funding arb · Price arb /

SQD

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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: KuCoin against Gate+0.105%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,583as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,576as in the Price arb table

costs, in and out, $10k−$1,58315.830% of the position

Long on Gate Short on KuCoin

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)+0.072%+$7 · spread now +0.105%, 7d avg +0.030%

Together, before fees+0.072%+$7 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: KuCoin is 0.075% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SQD_USDT	0.02855	0.0100	pay 0.0050% / 4h	1h 08m	$601K	$44K	20x
Short	KuCoin SQDUSDTM	0.02858	0.0100	get 0.0050% / 4h	1h 08m	$402K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.030%: $7.48
Slippage, 4 orders: −$1,556.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,575.53
Costs to cover: 15.830%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; KuCoin: live order book, 2 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, 8 min ago	10.53 bp	264.2 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.50 bp	643.7 bp −$644	doesn't fit	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	0.02859	+0.141%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02864	+0.324%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02852	−0.105%	$890K	$510K	20x	as long as short
Gate SQD_USDTlong	+0.0100%	4h	0.02855	long leg	$601K	$44K	20x
MEXC SQD_USDT	+0.0100%	4h	0.02863	+0.280%	$5.8M	$173K	50x	as long as short
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02858	+0.105%	$402K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02855	0.000%	$731K	$82K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02857	+0.070%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02853	−0.066%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0115%	4h	0.02863	+0.280%	$81K	$43K	50x	as long as short