Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.110%

Price spread now: Injective against BingX+0.374%72s7-day average +0.068% · you sell dearer than you buy

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.374%, 7d avg +0.068%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.306% dearer against BingX than usual: you sell high and buy low (spread +0.374% now, against its 7-day average of +0.068%): +$31 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 72 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	BingX QNT-USDT	66.890	0.0100	pay 0.0100% / 8h	1h 56m	—	$2.4M	—
Short	Injective QNT/USDC PERP	67.140	0.0033	get 0.0004% / 1h	56m 05s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now +0.374%Rate

Funding earned: −$14
Price spread: +0.374% → +0.068%: $30.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $6.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	8.21 bp	38.6 bp −$39	86.1 bp −$861	527.2 bp −$52.7K	899.4 bp −$449.7K
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	−0.0753%	1h	67.033	+0.214%	$37K	$65K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.016	+0.188%	$137	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	67.140	+0.374%	—	$115K	5.5x
Variational Omni QNT	+0.0088%	8h	66.913	+0.034%	$53K	$119K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	66.960	+0.105%	$3.7M	$6.9M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.820	−0.105%	$2.7M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.020	+0.194%	$219K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	66.950	+0.090%	$3.0M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.850	−0.060%	$652K	$158K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	66.920	+0.045%	$1.6M	$431K	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-USDTlong	+0.0100%	8h	66.890	long leg	—	$2.4M	—
BloFin QNT-USDT	+0.0220%	8h	66.840	−0.075%	$184K	$286K	75x	as long as short