Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.110%
Price spread now: Injective against BingX+0.464%57s7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.464%, 7d avg +0.061%
=The price spread pays, funding is against you. Injective is 0.402% dearer against BingX than usual: you sell high and buy low (spread +0.464% now, against its 7-day average of +0.061%): +$40 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.120% in total) that is about 23 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX QNT-USDT | 66.830 | 0.0253 | pay 0.0253% / 8h | 3h 32m | — | $2.4M | — |
| Short | Injective QNT/USDC PERP | 67.140 | 0.0033 | get 0.0004% / 1h | 32m 28s | — | $115K | 5.5x |
BingX QNT-USDT
Injective QNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.13
- Price spread: +0.464% → +0.061%
- $40.24
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$15.91
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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 BingX live order book, 2 min ago | 6.74 bp | 32.3 bp −$32 | 81.5 bp −$815 | 551.0 bp −$55.1K | 909.3 bp −$454.6K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
QNT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_QNTUSD | −0.0421% | 1h | 66.951 | +0.181% | $38K | $64K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.940 | +0.165% | $136 | — | 150x | as long as short |
| Injective QNT/USDC PERPshort | +0.0033% | 1h | 67.140 | +0.464% | — | $115K | 5.5x | |
| Binance QNTUSDT | +0.0100% | 8h | 66.890 | +0.090% | $3.7M | $6.7M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.770 | −0.090% | $2.7M | $1.5M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.940 | +0.165% | $216K | $78K | 25x | as long as short |
| MEXC QNT_USDT | +0.0100% | 8h | 66.860 | +0.045% | $2.9M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.700 | −0.195% | $658K | $158K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.900 | +0.105% | $1.6M | $392K | 75x | as long as short |
| Variational Omni QNT | +0.0100% | 8h | 66.823 | −0.010% | $53K | $119K | — | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
Variational Omni QNTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDT | +0.0220% | 8h | 66.820 | −0.015% | $187K | $286K | 75x | as long as short |
| BingX QNT-USDTlong | +0.0253% | 8h | 66.830 | long leg | — | $2.4M | — |
BloFin QNT-USDT