Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)−0.096%90s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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. KuCoin is 0.096% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day). The two prices were read 90 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	67.715	L +0.0001% / S +0.0010%	pay 0.0000% / 1h	51m 53s	$138	—	150x
Short	KuCoin QNTUSDTM	67.650	0.0100	get 0.0100% / 8h	5h 51m	$683K	$166K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $20.88
Price spread: −0.096% → 0.000%: −$9.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.7
Costs to cover: 0.220%
Break-even: 10.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 54 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 KuCoin live order book, 54 min ago	20.83 bp	150.7 bp −$151	427.3 bp −$4,273	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 exchanges

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	−0.0720%	1h	67.765	+0.074%	$38K	$58K	10x	as long as short
gTrade (Gains Network) QNT/USDlong	L +0.0001% / S +0.0010%	1h	67.715	long leg	$138	—	150x
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.849%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0079%	8h	67.393	−0.476%	$54K	$139K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.593	−0.180%	$3.7M	$6.9M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.500	−0.317%	$2.8M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.700	−0.022%	$225K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.580	−0.199%	$3.2M	$1.4M	200x	as long as short
KuCoin QNTUSDTMshort	+0.0100%	8h	67.650	−0.096%	$683K	$166K	30x
Bitget QNTUSDT	+0.0100%	8h	67.620	−0.140%	$1.6M	$488K	75x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDT	+0.0100%	8h	67.570	−0.214%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.630	−0.125%	$183K	$286K	75x	as long as short