Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.046%

Price spread now: Injective against Binance−0.695%57s7-day average −0.002% · you buy dearer than you sell

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.899%+$90 · spread now −0.695%, 7d avg −0.002%

Together, before fees+0.760%+$76 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 0.693% cheaper against Binance than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 57 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	Binance QNTUSDT	67.610	0.0100	pay 0.0100% / 8h	5h 54m	$3.7M	$6.9M	75x
Short	Injective QNT/USDC PERP	67.140	0.0033	get 0.0004% / 1h	54m 17s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now −0.695%Rate

Funding earned: −$14
Price spread: −0.695% → −0.002%: −$69.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$93.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	2.97 bp	27.5 bp −$28	71.0 bp −$710	doesn't fit	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 exchanges

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	−0.0721%	1h	67.681	+0.106%	$38K	$58K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.697	+0.129%	$138	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	67.140	−0.695%	—	$115K	5.5x
Variational Omni QNT	+0.0079%	8h	67.393	−0.321%	$54K	$139K	—	as long as short
Binance QNTUSDTlong	+0.0100%	8h	67.610	long leg	$3.7M	$6.9M	75x
Bybit QNTUSDT	+0.0100%	8h	67.510	−0.148%	$2.8M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.690	+0.118%	$225K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.610	0.000%	$3.1M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.640	+0.044%	$682K	$165K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.620	+0.015%	$1.6M	$489K	75x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDT	+0.0100%	8h	67.600	−0.015%	—	$2.5M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.480	−0.192%	$183K	$285K	75x	as long as short