Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)−0.133%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 MEXC

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. MEXC is 0.133% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.4 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	67.860	L +0.0001% / S +0.0010%	pay 0.0000% / 1h	2m 14s	$138	—	150x
Short	MEXC QNT_USDT	67.770	0.0100	get 0.0100% / 8h	7h 02m	$2.9M	$1.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.133%Rate

Funding earned: $20.88
Price spread: −0.133% → 0.000%: −$13.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$6.38
Costs to cover: 0.140%
Break-even: 9.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.74 bp	3.0 bp −$3	27.6 bp −$276	71.8 bp −$7,183	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	−0.0603%	1h	67.832	−0.042%	$38K	$61K	10x	as long as short
gTrade (Gains Network) QNT/USDlong	L +0.0001% / S +0.0010%	1h	67.860	long leg	$138	—	150x
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−1.061%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0095%	8h	67.604	−0.377%	$54K	$120K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.770	−0.133%	$3.7M	$7.1M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.710	−0.221%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.750	−0.162%	$226K	$83K	25x	as long as short
MEXC QNT_USDTshort	+0.0100%	8h	67.770	−0.133%	$2.9M	$1.4M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.870	+0.015%	$663K	$168K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.740	−0.177%	$1.7M	$449K	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-USDT	+0.0144%	8h	67.810	−0.074%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.770	−0.133%	$182K	$295K	75x	as long as short