Funding you earn now, next payment 08:00 UTC+0.1056%/8h= +115.6% APRnext payment +$10.56 per $10,000 · paid last 24h +0.064%
Price spread now: BingX against Gate−0.226%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$305as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$3023.020% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.226%, 7d avg −0.069%
=Funding pays, the price is against you. BingX is 0.158% cheaper against Gate than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of −0.069%). If the spread goes back, that is −$16 on $10k: about 12 hours of funding at the current rate (+$32 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QNT_USDT | 66.240 | 0.0100 | pay 0.0100% / 8h | 6h 55m | $213K | $97K | 25x |
| Short | BingX QNT-USDT | 66.090 | 0.1156 | get 0.1156% / 8h | 6h 55m | — | $2.4M | — |
Gate QNT_USDT
BingX QNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $221.76
- Price spread: −0.226% → −0.069%
- −$15.77
- Slippage, 4 orders
- −$277.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$96.06
- Costs to cover
- 3.020%
- Break-even
- 10.0 days
Slippage from Gate: live order book, 6 min ago; BingX: live order book, 8 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 Gate live order book, 6 min ago | 31.51 bp | 95.6 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 7.48 bp | 35.1 bp −$35 | 89.6 bp −$896 | 486.6 bp −$48.7K | 868.9 bp −$434.5K |
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 | −0.0238% | 1h | 66.262 | +0.033% | $38K | $64K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.163 | −0.116% | $135 | — | 150x | as long as short |
| Variational Omni QNT | +0.0021% | 8h | 66.140 | −0.151% | $58K | $114K | — | as long as short |
| Injective QNT/USDC PERP | +0.0033% | 1h | 67.140 | +1.359% | — | $115K | 5.5x | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 66.100 | −0.211% | $3.8M | $6.9M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.060 | −0.272% | $2.7M | $1.5M | 75x | as long as short |
| Gate QNT_USDTlong | +0.0100% | 8h | 66.240 | long leg | $213K | $97K | 25x | |
| MEXC QNT_USDT | +0.0100% | 8h | 66.130 | −0.166% | $2.8M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.180 | −0.091% | $670K | $151K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.170 | −0.106% | $1.6M | $352K | 75x | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Variational Omni QNT
Injective QNT/USDC PERP
Binance QNTUSDT
Bybit QNTUSDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDT | +0.0220% | 8h | 66.350 | +0.166% | $190K | $265K | 75x | as long as short |
| BingX QNT-USDTshort | +0.1156% | 8h | 66.090 | −0.226% | — | $2.4M | — |
BloFin QNT-USDT