# SQD Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 02:15 UTC, ArbTide tracks SQD spot and perpetual prices across exchanges. On spot markets, the best route has a -0.18% gross spread, which fees turn into a -0.33% net loss. On perpetual markets, you can buy SQD on Bybit at 0.0284 and sell on Binance at 0.02847, a 0.03% net spread after 0.22% in taker fees.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| WEEX | [SQD/USDT](https://www.weex.com/spot/SQD-USDT) | 0.02833 | 0.02843 | 0.352% | $3.3K | 0.100% |
| Bybit | [SQD/USDT](https://www.bybit.com/en/trade/spot/SQD/USDT) | 0.02839 | 0.02844 | 0.176% | $307.4K | 0.100% |
| MEXC | [SQD/USDT](https://www.mexc.com/exchange/SQD_USDT) | 0.02837 | 0.02844 | 0.246% | $106.8K | 0.050% |
| Gate | [SQD/USDT](https://www.gate.com/trade/SQD_USDT) | 0.0284 | 0.02845 | 0.176% | $32.4K | 0.200% |
| KuCoin | [SQD/USDT](https://www.kucoin.com/trade/SQD-USDT) | 0.02839 | 0.02845 | 0.211% | $68.5K | 0.200% |
| Toobit | [SQD/USDT](https://www.toobit.com/en-US/spot/SQD_USDT) | 0.0284 | 0.02846 | 0.211% | $75.2K | 0.100% |
| Revolut X | [SQD/USD](https://exchange.revolut.com/trade/SQD-USD) | 0.028226 | 0.028564 | 1.183% | $2.6K | 0.090% |
| Crypto.com | [SQD/USD](https://crypto.com/exchange/trade/SQD_USD) | 0.02828 | 0.02857 | 1.015% | $895.9 | 0.500% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Gate | Toobit | Bybit | KuCoin | MEXC | WEEX | Crypto.com | Revolut X |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| WEEX | -0.41% | -0.31% | -0.34% | -0.44% | -0.36% | — | -1.13% | -0.91% |
| Bybit | -0.44% | -0.34% | — | -0.48% | -0.40% | -0.59% | -1.16% | -0.94% |
| MEXC | -0.39% | -0.29% | -0.33% | -0.43% | — | -0.54% | -1.11% | -0.89% |
| Gate | — | -0.48% | -0.51% | -0.61% | -0.53% | -0.72% | -1.30% | -1.08% |
| KuCoin | -0.58% | -0.48% | -0.51% | — | -0.53% | -0.72% | -1.30% | -1.08% |
| Toobit | -0.51% | — | -0.45% | -0.55% | -0.47% | -0.66% | -1.23% | -1.01% |
| Revolut X | -0.86% | -0.76% | -0.80% | -0.90% | -0.82% | -1.01% | -1.58% | — |
| Crypto.com | -1.30% | -1.20% | -1.23% | -1.33% | -1.25% | -1.44% | — | -1.79% |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Bybit | [SQD/USDT:USDT](https://www.bybit.com/trade/usdt/SQDUSDT) | 0.02836 | 0.0284 | 0.141% | $312.1K | 0.060% |
| KuCoin | [SQD/USDT:USDT](https://www.kucoin.com/trade/futures/SQDUSDTM) | 0.02842 | 0.02845 | 0.105% | $1.4M | 0.060% |
| Gate | [SQD/USDT:USDT](https://www.gate.com/futures/USDT/SQD_USDT) | 0.02839 | 0.02846 | 0.246% | $84.8K | 0.050% |
| BingX | [SQD/USDT:USDT](https://bingx.com/en/perpetual/SQD-USDT) | 0.02841 | 0.02846 | 0.176% | $2.3M | 0.050% |
| Binance | [SQD/USDT:USDT](https://www.binance.com/en/futures/SQDUSDT) | 0.02847 | 0.02848 | 0.035% | $1.6M | 0.050% |
| MEXC | [SQD/USDT:USDT](https://www.mexc.com/futures/SQD_USDT) | 0.02847 | 0.02848 | 0.035% | $110.5K | 0.020% |
| WEEX | [SQD/USDT:USDT](https://www.weex.com/futures/SQD-USDT) | 0.02846 | 0.02848 | 0.070% | $204.6K | 0.080% |
| Toobit | [SQD/USDT:USDT](https://www.toobit.com/en-US/futures/SQD-SWAP-USDT) | 0.02846 | 0.02848 | 0.070% | $171.8K | 0.100% |
| XT.COM | [SQD/USDT:USDT](https://www.xt.com/en/futures/trade/sqd_usdt) | 0.02846 | 0.02849 | 0.105% | $487.9K | 0.060% |
| Bitget | [SQD/USDT:USDT](https://www.bitget.com/futures/usdt/SQDUSDT) | 0.02846 | 0.02852 | 0.210% | $75K | 0.060% |
| Aster | [SQD/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/SQDUSDT) | 0.02843 | 0.02853 | 0.351% | $4.7K | 0.035% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Binance | MEXC | WEEX | Toobit | XT.COM | Bitget | Aster | KuCoin | BingX | Gate | Bybit |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bybit | +0.03% | +0.09% | -0.07% | -0.11% | -0.03% | -0.03% | -0.08% | -0.17% | -0.18% | -0.26% | — |
| KuCoin | -0.15% | -0.09% | -0.24% | -0.28% | -0.20% | -0.20% | -0.26% | — | -0.36% | -0.43% | -0.56% |
| Gate | -0.16% | -0.10% | -0.26% | -0.30% | -0.22% | -0.22% | -0.28% | -0.36% | -0.38% | — | -0.57% |
| BingX | -0.16% | -0.10% | -0.26% | -0.30% | -0.22% | -0.22% | -0.28% | -0.36% | — | -0.45% | -0.57% |
| Binance | — | -0.18% | -0.33% | -0.37% | -0.29% | -0.29% | -0.35% | -0.43% | -0.45% | -0.52% | -0.64% |
| MEXC | -0.18% | — | -0.27% | -0.31% | -0.23% | -0.23% | -0.29% | -0.37% | -0.39% | -0.46% | -0.58% |
| WEEX | -0.30% | -0.24% | — | -0.43% | -0.35% | -0.35% | -0.41% | -0.49% | -0.51% | -0.58% | -0.70% |
| Toobit | -0.34% | -0.28% | -0.43% | — | -0.39% | -0.39% | -0.45% | -0.53% | -0.55% | -0.62% | -0.74% |
| XT.COM | -0.29% | -0.23% | -0.39% | -0.43% | — | -0.35% | -0.40% | -0.49% | -0.50% | -0.57% | -0.70% |
| Bitget | -0.40% | -0.34% | -0.49% | -0.53% | -0.45% | — | -0.51% | -0.59% | -0.61% | -0.68% | -0.80% |
| Aster | -0.38% | -0.32% | -0.48% | -0.52% | -0.44% | -0.44% | — | -0.58% | -0.59% | -0.66% | -0.79% |

## Frequently asked questions

### Is there a SQD arbitrage opportunity right now?

Yes. On perpetual markets, you can buy SQD on Bybit at 0.0284 and sell on Binance at 0.02847, a 0.03% net spread after 0.22% in taker fees.

### Which exchange has the cheapest SQD?

Lowest ask price: Spot: WEEX at 0.02843; Perpetual: Bybit at 0.0284.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.