Funding you earn now, next payment 00:00 UTC−0.0319%/8h= −34.9% APRnext payment −$3.19 per $10,000 · paid last 24h −0.009%
Price spread now: MEXC against BingX−0.075%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days+0.126%+$13 · spread now −0.075%, 7d avg +0.051%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.125% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX QNT-USDT | 67.110 | 0.0419 | pay 0.0419% / 8h | 1h 03m | — | $2.4M | — |
| Short | MEXC QNT_USDT | 67.060 | 0.0100 | get 0.0100% / 8h | 1h 03m | $3.0M | $1.4M | 200x |
BingX QNT-USDT
MEXC QNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.99
- Price spread: −0.075% → +0.051%
- −$12.51
- Slippage, 4 orders
- −$44.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$138.41
- Costs to cover
- 0.589%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 8 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 BingX live order book, 10 min ago | 7.46 bp | 21.3 bp −$21 | 51.0 bp −$510 | 515.1 bp −$51.5K | 898.0 bp −$449.0K |
| Sell MEXC live order book, 8 min ago | 0.75 bp | 2.7 bp −$3 | 34.5 bp −$345 | 96.9 bp −$9,688 | 251.0 bp −$125.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QNT | −0.0240% | 8h | 66.951 | −0.237% | $64K | $109K | — | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 67.108 | −0.003% | $137 | — | 150x | as long as short |
| Injective QNT/USDC PERP | +0.0033% | 1h | 67.140 | +0.045% | — | $115K | 5.5x | as long as short |
| Binance QNTUSDT | +0.0099% | 8h | 67.125 | +0.022% | $3.7M | $6.8M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 67.020 | −0.134% | $2.8M | $1.4M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 67.120 | +0.015% | $213K | $96K | 25x | as long as short |
| MEXC QNT_USDTshort | +0.0100% | 8h | 67.060 | −0.075% | $3.0M | $1.4M | 200x | |
| KuCoin QNTUSDTM | +0.0100% | 8h | 67.040 | −0.104% | $701K | $153K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 67.140 | +0.045% | $1.7M | $271K | 75x | as long as short |
| BloFin QNT-USDT | +0.0220% | 8h | 67.020 | −0.134% | $188K | $260K | 75x | as long as short |
Variational Omni QNT
gTrade (Gains Network) QNT/USD
Injective QNT/USDC PERP
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
BloFin QNT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX QNT-USDTlong | +0.0419% | 8h | 67.110 | long leg | — | $2.4M | — | |
| Kraken Futures PF_QNTUSD | +4.0279% | 1h | 67.158 | +0.071% | $38K | $64K | 10x | as long as short |
Kraken Futures PF_QNTUSD