ArbiLayer

SQD arbitrage

live

Live SQD price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.06%Bybit → KuCoin · Perp–Perp
Best perp–perp spread+0.22%Bybit → KuCoin
Markets tracked128 venues · 8 perp · 4 spot · 0 DEX
Price range0.26%$0.0273 – $0.0273

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.0273KuCoin logoKuCoin$0.0273 +0.22%+0.06% +0.22%— 0.000%— LS Chart →
Bybit logoBybit$0.0273Bitget logoBitget$0.0273 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Bybit logoBybit$0.0273MEXC logoMEXC$0.0273 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Bybit logoBybit$0.0273Binance logoBinance$0.0273 +0.15%-0.01% +0.15%— 0.000%— LS Chart →
Gate logoGate$0.0273KuCoin logoKuCoin$0.0273 +0.11%-0.05% +0.11%— 0.000%— LS Chart →
Variational logoVariational$0.0273KuCoin logoKuCoin$0.0273 +0.11%-0.05% +0.11%— +0.000%— LS Chart →
Gate logoGate$0.0273Bitget logoBitget$0.0273 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Gate logoGate$0.0273MEXC logoMEXC$0.0273 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Variational logoVariational$0.0273Bitget logoBitget$0.0273 +0.07%-0.09% +0.07%— +0.000%— LS Chart →
Variational logoVariational$0.0273MEXC logoMEXC$0.0273 +0.07%-0.09% +0.07%— +0.000%— LS Chart →
Gate logoGate$0.0273Binance logoBinance$0.0273 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Variational logoVariational$0.0273Binance logoBinance$0.0273 +0.04%-0.12% +0.04%— +0.000%— LS Chart →
Binance logoBinance$0.0273KuCoin logoKuCoin$0.0273 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Binance logoBinance$0.0273Bitget logoBitget$0.0273 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$0.0273MEXC logoMEXC$0.0273 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

SQD price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · SQDUSDTMPerpetual $0.0273$0.0273$0.0273+0.09% +0.030%$1.77M
Bybit logoBybitPerpetual · SQDUSDTPerpetual $0.0273$0.0273$0.0273-0.16% +0.030%$429.4K
Gate logoGatePerpetual · SQD_USDTPerpetual $0.0273$0.0273$0.0273-0.09% +0.030%$201.4K
MEXC logoMEXCPerpetual · SQD_USDTPerpetual $0.0273$0.0273$0.0273+0.05% +0.030%$118.1K
Bybit logoBybitSpot · SQDUSDTSpot $0.0273$0.0273$0.0273-0.04% —$101.5K
Bitget logoBitgetPerpetual · SQDUSDTPerpetual $0.0273$0.0274$0.0273+0.09% +0.030%$65.0K
Gate logoGateSpot · SQD_USDTSpot $0.0273$0.0273$0.0273+0.02% —$58.8K
KuCoin logoKuCoinSpot · SQD-USDTSpot $0.0273$0.0273$0.0273-0.02% —$43.2K
Variational logoVariationalPerpetual · SQDPerpetual $0.0272$0.0273$0.0273-0.16% +0.030%$796
Binance logoBinancePerpetual · SQDUSDTPerpetual $0.0273$0.0273$0.0273+0.02% +0.030%—
Aster logoAsterPerpetual · SQDUSDTPerpetual $0.0273$0.0274$0.0273+0.02% +0.030%—
MEXC logoMEXCSpot · SQDUSDTSpot $0.0273$0.0273$0.0273-0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SQD arbitrage explained

Right now SQD trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0273 and the highest bid on KuCoin perp at $0.0273.

The widest SQD perpetual spread is between Bybit and KuCoin: long SQD on Bybit at $0.0273 and short on KuCoin at $0.0273 for +0.22% gross, or +0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best SQD route is to buy spot on Bybit and short the perpetual on KuCoin: +0.07% gross, -0.13% net, with +0.030% a day of funding on the short leg.

Spot–spot SQD arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small SQD gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: SQD funding rates · SQD spread charts · SQD price · arbitrage scanner for all coins.

Is there a SQD arbitrage opportunity right now?

The best SQD route right now is to buy on Bybit → sell on KuCoin (Perp–Perp): +0.22% gross and +0.06% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest SQD?

Bybit (perp) has the lowest SQD ask at $0.0273, and KuCoin (perp) the highest bid at $0.0273. Prices update every 15 seconds on this page.

How many exchanges list SQD?

ArbiLayer tracks 12 SQD markets on 8 venues: 8 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage SQD without transferring coins?

Use two perpetual contracts: go long SQD on the cheaper exchange (Bybit now) and short it on the more expensive one (KuCoin), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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