Funding arb · Price arb /

SQD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.383%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,239as in the Price arb table

costs, in and out, $10k−$1,26512.653% of the position

Long on KuCoin 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 7 days−0.488%−$49 · spread now +0.383%, 7d avg +0.120%

Together, before fees−0.488%−$49 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 0.263% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQDUSDTM	0.02874	0.0100	pay 0.0050% / 4h	1h 45m	$398K	$1.3M	50x
Short	Binance SQDUSDT	0.02885	0.0100	get 0.0050% / 4h	1h 45m	$1.2M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.383%Rate

Funding earned: $0
Price spread: +0.383% → +0.120%: $26.25
Slippage, 4 orders: −$1,243.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,239.04
Costs to cover: 12.653%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 3 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 KuCoin live order book, 10 min ago	5.22 bp	660.8 bp −$661	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.74 bp	26.8 bp −$27	123.7 bp −$1,237	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	+0.0096%	4h	0.02877	+0.104%	$80K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02879	+0.169%	$15K	$1K	5x	as long as short
Binance SQDUSDTshort	+0.0100%	4h	0.02885	+0.383%	$1.2M	$1.3M	50x
Bybit SQDUSDT	+0.0100%	4h	0.02875	+0.035%	$892K	$343K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02877	+0.104%	$606K	$28K	20x	as long as short
MEXC SQD_USDT	+0.0100%	4h	0.02885	+0.383%	$5.9M	$180K	50x	as long as short
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02874	long leg	$398K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02880	+0.209%	$738K	$55K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02880	+0.209%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02866	−0.278%	$7K	$33K	—	as long as short