Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bybit against gTrade (Gains Network)−0.179%7-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 Bybit

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. Bybit is 0.179% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 6.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) QNT/USD	66.589	L +0.0001% / S +0.0010%	pay 0.0000% / 1h	48m 24s	$136	—	150x
Short	Bybit QNTUSDT	66.470	0.0100	get 0.0100% / 8h	4h 48m	$2.7M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.179%Rate

Funding earned: $20.88
Price spread: −0.179% → 0.000%: −$17.87
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.99
Costs to cover: 0.210%
Break-even: 13.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	3.00 bp	50.4 bp −$50	505.8 bp −$5,058	doesn't fit	doesn't fit

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
Kraken Futures PF_QNTUSD	−0.0834%	1h	66.641	+0.079%	$38K	$64K	10x	as long as short
gTrade (Gains Network) QNT/USDlong	L +0.0001% / S +0.0010%	1h	66.589	long leg	$136	—	150x
Injective QNT/USDC PERP	+0.0033%	1h	67.140	+0.827%	—	$115K	5.5x	as long as short
Binance QNTUSDT	+0.0100%	8h	66.580	−0.014%	$3.7M	$6.7M	75x	as long as short
Bybit QNTUSDTshort	+0.0100%	8h	66.470	−0.179%	$2.7M	$1.5M	75x
Gate QNT_USDT	+0.0100%	8h	66.580	−0.014%	$214K	$92K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	66.560	−0.044%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.610	+0.032%	$677K	$147K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	66.550	−0.059%	$1.6M	$377K	75x	as long as short
Variational Omni QNT	+0.0100%	8h	66.503	−0.129%	$53K	$119K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QNT-USDT	+0.0220%	8h	66.550	−0.059%	$188K	$285K	75x	as long as short
BingX QNT-USDT	+0.0570%	8h	66.550	−0.059%	—	$2.4M	—	as long as short