Funding arb · Price arb /

SQD

all SQD markets

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: KuCoin against MEXC−0.349%7-day average −0.123% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$1,448as in the Price arb table

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

Long on MEXC 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 7 days+0.376%+$38 · spread now −0.349%, 7d avg −0.123%

Together, before fees+0.376%+$38 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 0.226% cheaper against MEXC than usual: you would sell low and buy high, −$23 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	MEXC SQD_USDT	0.02864	0.0100	pay 0.0050% / 4h	2h 26m	$5.8M	$183K	50x
Short	KuCoin SQDUSDTM	0.02854	0.0100	get 0.0050% / 4h	2h 26m	$395K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.349%Rate

Funding earned: $0
Price spread: −0.349% → −0.123%: −$22.6
Slippage, 4 orders: −$1,409.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,447.65
Costs to cover: 14.250%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 4 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 MEXC live order book, 1 min ago	3.49 bp	25.3 bp −$25	87.1 bp −$871	264.8 bp −$26.5K	doesn't fit
Sell KuCoin live order book, 4 min ago	3.49 bp	611.2 bp −$611	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
BloFin SQD-USDT	+0.0076%	4h	0.02876	+0.419%	$79K	$41K	50x	as long as short
Aster SQDUSDT	+0.0100%	4h	0.02862	−0.062%	$15K	$1K	5x	as long as short
Binance SQDUSDT	+0.0100%	4h	0.02866	+0.056%	$1.2M	$1.3M	50x	as long as short
Bybit SQDUSDT	+0.0100%	4h	0.02856	−0.279%	$886K	$346K	20x	as long as short
Gate SQD_USDT	+0.0100%	4h	0.02858	−0.209%	$602K	$29K	20x	as long as short
MEXC SQD_USDTlong	+0.0100%	4h	0.02864	long leg	$5.8M	$183K	50x
KuCoin SQDUSDTMshort	+0.0100%	4h	0.02854	−0.349%	$395K	$1.3M	50x
Bitget SQDUSDT	+0.0100%	4h	0.02856	−0.279%	$732K	$55K	25x	as long as short
BingX SQD-USDT	+0.0100%	4h	0.02860	−0.140%	—	$2.3M	—	as long as short
Variational Omni SQD	+0.0100%	4h	0.02853	−0.401%	$7K	$33K	—	as long as short