Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin−0.120%79s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.120%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.131% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QNT-USDT | 66.850 | 0.0220 | pay 0.0220% / 8h | 7h 55m | $188K | $261K | 75x |
| Short | MEXC QNT_USDT | 66.770 | 0.0100 | get 0.0100% / 8h | 7h 55m | $2.8M | $1.3M | 200x |
BloFin QNT-USDT
MEXC QNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$25.2
- Price spread: −0.120% → +0.011%
- −$13.07
- Slippage, 4 orders
- −$35.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$89.53
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; MEXC: live order book, 1 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 BloFin live order book, 10 min ago | 0.75 bp | 17.9 bp −$18 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.00 bp | 5.0 bp −$5 | 27.2 bp −$272 | 85.5 bp −$8,555 | 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 | −0.0102% | 8h | 66.731 | −0.178% | $58K | $114K | — | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.830 | −0.030% | $136 | — | 150x | as long as short |
| Injective QNT/USDC PERP | +0.0033% | 1h | 67.140 | +0.434% | — | $115K | 5.5x | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 66.739 | −0.167% | $3.8M | $6.8M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.700 | −0.224% | $2.8M | $1.4M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.820 | −0.045% | $213K | $98K | 25x | as long as short |
| MEXC QNT_USDTshort | +0.0100% | 8h | 66.770 | −0.120% | $2.8M | $1.3M | 200x | |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.780 | −0.105% | $692K | $153K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.800 | −0.075% | $1.6M | $305K | 75x | as long as short |
| Kraken Futures PF_QNTUSD | +0.0210% | 1h | 66.827 | −0.034% | $38K | $64K | 10x | 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
Kraken Futures PF_QNTUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDTlong | +0.0220% | 8h | 66.850 | long leg | $188K | $261K | 75x | |
| BingX QNT-USDT | +0.0693% | 8h | 66.750 | −0.150% | — | $2.4M | — | as long as short |
BingX QNT-USDT