Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.046%

Price spread now: Injective against MEXC−0.666%7-day average +0.009% · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.886%+$89 · spread now −0.666%, 7d avg +0.009%

Together, before fees+0.748%+$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.675% cheaper against MEXC than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC QNT_USDT	67.590	0.0100	pay 0.0100% / 8h	7h 15m	$2.9M	$1.4M	200x
Short	Injective QNT/USDC PERP	67.140	0.0033	get 0.0004% / 1h	15m 04s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee InjectivebpOrdersPrice spread, now −0.666%Rate

Funding earned: −$14
Price spread: −0.666% → +0.009%: −$67.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$85.54
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Injective: no order-book sample. 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 MEXC live order book, 2 min ago	1.48 bp	3.5 bp −$3	30.2 bp −$302	99.3 bp −$9,933	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0604%	1h	67.668	+0.115%	$38K	$63K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.621	+0.046%	$138	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	67.140	−0.666%	—	$115K	5.5x
Variational Omni QNT	+0.0090%	8h	67.455	−0.199%	$54K	$120K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.580	−0.015%	$3.7M	$7.2M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.500	−0.133%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.530	−0.089%	$226K	$82K	25x	as long as short
MEXC QNT_USDTlong	+0.0100%	8h	67.590	long leg	$2.9M	$1.4M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.500	−0.133%	$655K	$157K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.630	+0.059%	$1.7M	$450K	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	+0.0100%	8h	67.540	−0.074%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.610	+0.030%	$182K	$298K	75x	as long as short