Funding you earn now, next payment 00:00 UTC−0.0253%/8h= −27.7% APRnext payment −$2.53 per $10,000 · paid last 24h −0.009%
Price spread now: MEXC against BingX+0.104%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.104%, 7d avg +0.051%
=The price spread pays, funding is against you. MEXC is 0.054% dearer against BingX than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.051%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.53 per $10,000. 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 | 67.180 | 0.0353 | pay 0.0353% / 8h | 1h 38m | — | $2.4M | — |
| Short | MEXC QNT_USDT | 67.250 | 0.0100 | get 0.0100% / 8h | 1h 38m | $2.9M | $1.4M | 200x |
BingX QNT-USDT
MEXC QNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$53.13
- Price spread: +0.104% → +0.051%
- $5.36
- Slippage, 4 orders
- −$54.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$116.09
- Costs to cover
- 0.683%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; MEXC: 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 BingX live order book, 11 min ago | 7.40 bp | 26.6 bp −$27 | 63.7 bp −$637 | 535.3 bp −$53.5K | 903.2 bp −$451.6K |
| Sell MEXC live order book, 4 min ago | 2.98 bp | 5.0 bp −$5 | 33.4 bp −$334 | 73.0 bp −$7,297 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QNT | −0.0275% | 8h | 66.987 | −0.287% | $54K | $99K | — | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 67.323 | +0.213% | $137 | — | 150x | as long as short |
| Injective QNT/USDC PERP | +0.0033% | 1h | 66.770 | −0.610% | — | $86K | 5.5x | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 67.258 | +0.115% | $3.8M | $6.8M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 67.170 | −0.015% | $2.8M | $1.4M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 67.230 | +0.074% | $213K | $95K | 25x | as long as short |
| MEXC QNT_USDTshort | +0.0100% | 8h | 67.250 | +0.104% | $2.9M | $1.4M | 200x | |
| KuCoin QNTUSDTM | +0.0100% | 8h | 67.260 | +0.119% | $703K | $153K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 67.310 | +0.194% | $1.7M | $259K | 75x | as long as short |
| BloFin QNT-USDT | +0.0220% | 8h | 67.170 | −0.015% | $183K | $259K | 75x | as long as short |
Variational Omni QNT
gTrade (Gains Network) QNT/USD
Injective QNT/USDC PERP
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
BloFin QNT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX QNT-USDTlong | +0.0353% | 8h | 67.180 | long leg | — | $2.4M | — | |
| Kraken Futures PF_QNTUSD | +4.0085% | 1h | 67.483 | +0.452% | $37K | $62K | 10x | as long as short |
Kraken Futures PF_QNTUSD