Funding arb · Price arb /

QNT

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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 +0.064%

Price spread now: BingX against Bitget−0.119%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1201.203% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.119%, 7d avg −0.043%

Together, before fees+0.034%+$3 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: BingX is 0.076% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QNTUSDT	67.100	0.0100	pay 0.0100% / 8h	2h 40m	$1.6M	$423K	75x
Short	BingX QNT-USDT	67.020	0.0100	get 0.0100% / 8h	2h 40m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.043%: −$7.61
Slippage, 4 orders: −$98.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$127.89
Costs to cover: 1.203%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: 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 Bitget live order book, 1 min ago	11.18 bp	34.7 bp −$35	109.4 bp −$1,094	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	8.16 bp	31.2 bp −$31	83.1 bp −$831	492.9 bp −$49.3K	900.3 bp −$450.1K

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	−0.0626%	1h	67.153	+0.080%	$38K	$64K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.166	+0.099%	$137	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	+0.060%	—	$115K	5.5x	as long as short
Binance QNTUSDT	+0.0100%	8h	66.975	−0.186%	$3.7M	$6.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.900	−0.298%	$2.8M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.180	+0.119%	$218K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.010	−0.134%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.900	−0.298%	$655K	$157K	30x	as long as short
Bitget QNTUSDTlong	+0.0100%	8h	67.100	long leg	$1.6M	$423K	75x
BingX QNT-USDTshort	+0.0100%	8h	67.020	−0.119%	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QNT	+0.0100%	8h	66.945	−0.232%	$53K	$119K	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.050	−0.075%	$186K	$287K	75x	as long as short