Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.039%

Price spread now: BingX against gTrade (Gains Network)−0.175%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.175% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.175% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 35 hours of funding at the current rate (+$12 a day). The two prices were read 46 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	gTrade (Gains Network) QNT/USD	67.127	L +0.0001% / S +0.0010%	pay 0.0000% / 1h	8m 44s	$137	—	150x
Short	BingX QNT-USDT	67.010	0.0401	get 0.0401% / 8h	1h 08m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.175%Rate

Funding earned: $84.09
Price spread: −0.175% → 0.000%: −$17.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $46.64
Costs to cover: 0.200%
Break-even: 3.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	7.46 bp	32.1 bp −$32	85.2 bp −$852	480.7 bp −$48.1K	885.7 bp −$442.8K

gTrade (Gains Network): 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
Variational Omni QNT	−0.0243%	8h	66.951	−0.263%	$64K	$109K	—	as long as short
gTrade (Gains Network) QNT/USDlong	L +0.0001% / S +0.0010%	1h	67.127	long leg	$137	—	150x
Injective QNT/USDC PERP	+0.0033%	1h	67.140	+0.019%	—	$115K	5.5x	as long as short
Binance QNTUSDT	+0.0100%	8h	67.063	−0.095%	$3.7M	$6.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.980	−0.219%	$2.8M	$1.4M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.100	−0.041%	$213K	$96K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.080	−0.070%	$2.9M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.040	−0.130%	$701K	$153K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.130	+0.004%	$1.7M	$266K	75x	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.010	−0.175%	$189K	$260K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDTshort	+0.0401%	8h	67.010	−0.175%	—	$2.4M	—
Kraken Futures PF_QNTUSD	+4.0277%	1h	67.161	+0.051%	$38K	$64K	10x	as long as short