Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.109%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1271.265% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.109%, 7d avg −0.133%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QNTUSDT	67.233	0.0100	pay 0.0100% / 8h	7h 38m	$3.7M	$7.2M	75x
Short	Bybit QNTUSDT	67.160	0.0100	get 0.0100% / 8h	7h 38m	$2.8M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.133%: $2.41
Slippage, 4 orders: −$105.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.13
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 4 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 Binance live order book, 16 min ago	0.74 bp	23.4 bp −$23	96.3 bp −$963	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.98 bp	40.4 bp −$40	163.5 bp −$1,635	doesn't fit	doesn't fit

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	−0.0607%	1h	67.353	+0.178%	$38K	$65K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.333	+0.148%	$137	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.139%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0087%	8h	67.189	−0.066%	$54K	$120K	—	as long as short
Binance QNTUSDTlong	+0.0100%	8h	67.233	long leg	$3.7M	$7.2M	75x
Bybit QNTUSDTshort	+0.0100%	8h	67.160	−0.109%	$2.8M	$1.6M	75x
Gate QNT_USDT	+0.0100%	8h	67.340	+0.159%	$225K	$82K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.240	+0.010%	$2.9M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.270	+0.055%	$654K	$158K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.240	+0.010%	$1.6M	$442K	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	67.240	+0.010%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.170	−0.094%	$182K	$305K	75x	as long as short