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: MEXC against KuCoin+0.315%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,425as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,406as in the Price arb table

costs, in and out, $10k−$1,42514.250% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.342%−$34 · spread now +0.315%, 7d avg +0.123%

Together, before fees−0.342%−$34 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: MEXC is 0.192% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.123%.

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 26m	$395K	$1.3M	50x
Short	MEXC SQD_USDT	0.02865	0.0100	get 0.0050% / 4h	2h 26m	$5.8M	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → +0.123%: $19.2
Slippage, 4 orders: −$1,409.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,405.85
Costs to cover: 14.250%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 1 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, 3 min ago	3.49 bp	770.2 bp −$770	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.49 bp	18.3 bp −$18	70.9 bp −$709	258.0 bp −$25.8K	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	+0.0076%	4h	0.02876	+0.700%	$79K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02862	+0.225%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02865	+0.302%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02856	0.000%	$886K	$350K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02860	+0.140%	$603K	$29K	20x	as long as short
MEXC SQD_USDTshort	+0.0100%	4h	0.02865	+0.315%	$5.8M	$183K	50x
KuCoin SQDUSDTMlong	+0.0100%	4h	0.02856	long leg	$395K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02860	+0.140%	$733K	$55K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02859	+0.105%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02861	+0.177%	$7K	$35K	—	as long as short