Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.008%

Price spread now: Injective against Variational Omni−1.000%46s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 1.000% cheaper against Variational Omni than usual: you would sell low and buy high (−$100 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Variational Omni QNT	67.445	−0.0341	get 0.0341% / 8h	2h 54m	$54K	$99K	—
Short	Injective QNT/USDC PERP	66.770	−0.0384	pay 0.0048% / 1h	54m 32s	—	$86K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −1.000%Rate

Funding earned: −$9.18
Price spread: −1.000% → 0.000%: −$100.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$109.24
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and 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
Injective QNT/USDC PERPshort	−0.0384%	1h	66.770	−1.000%	—	$86K	5.5x
Variational Omni QNTlong	−0.0341%	8h	67.445	long leg	$54K	$99K	—
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.596	+0.225%	$138	—	150x	as long as short
Binance QNTUSDT	+0.0100%	8h	67.380	−0.096%	$3.6M	$5.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.310	−0.200%	$2.8M	$1.2M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.550	+0.156%	$215K	$73K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.400	−0.066%	$2.9M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.530	+0.127%	$717K	$123K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.520	+0.112%	$1.7M	$207K	75x	as long as short
BingX QNT-USDT	+0.0100%	8h	67.410	−0.051%	—	$2.4M	—	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	67.520	+0.112%	$183K	$255K	75x	as long as short
Kraken Futures PF_QNTUSD	+4.0061%	1h	67.679	+0.347%	$37K	$60K	10x	as long as short