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: Aster against KuCoin+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQDUSDTM	0.02825	0.0100	pay 0.0050% / 4h	2h 00m	$390K	$1.2M	50x
Short	Aster SQDUSDT	0.02826	0.0100	get 0.0050% / 4h	2h 00m	$15K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → 0.000%: $1.78
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

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 KuCoin live order book, 5 min ago	8.84 bp	599.2 bp −$599	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0074%	4h	0.02828	+0.106%	$81K	$42K	50x	as long as short
Aster SQDUSDTshort	+0.0100%	4h	0.02826	+0.018%	$15K	$1K	5x
Binance SQDUSDT	+0.0100%	4h	0.02827	+0.059%	$1.2M	$1.2M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02821	−0.142%	$880K	$496K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02827	+0.071%	$595K	$43K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02827	+0.071%	$5.8M	$173K	50x	as long as short
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02825	long leg	$390K	$1.2M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02825	0.000%	$723K	$83K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02820	−0.177%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02822	−0.093%	$11K	$52K	—	as long as short