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: Gate against KuCoin+0.070%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,802as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,792as in the Price arb table

costs, in and out, $10k−$1,80218.019% of the position

Long on KuCoin Short on Gate

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)−0.217%−$22 · spread now +0.070%, 7d avg −0.031%

Together, before fees−0.217%−$22 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: Gate is 0.101% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQDUSDTM	0.02856	0.0100	pay 0.0050% / 4h	2h 40m	$396K	$1.3M	50x
Short	Gate SQD_USDT	0.02858	0.0100	get 0.0050% / 4h	2h 40m	$603K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.031%: $10.12
Slippage, 4 orders: −$1,774.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,791.78
Costs to cover: 18.019%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 26 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	3.48 bp	719.3 bp −$719	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	12.18 bp	162.8 bp −$163	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	+0.117%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02856	−0.013%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02849	−0.245%	$882K	$416K	20x	as long as short
Gate SQD_USDTshort	+0.0100%	4h	0.02858	+0.070%	$603K	$35K	20x
MEXC SQD_USDT	+0.0100%	4h	0.02859	+0.105%	$5.8M	$172K	50x	as long as short
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02856	long leg	$396K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02856	0.000%	$731K	$69K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02858	+0.070%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02857	+0.020%	$11K	$52K	—	as long as short
BloFin SQD-USDT	+0.0130%	4h	0.02864	+0.280%	$81K	$41K	50x	as long as short