Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.071%

Price spread now: Injective against BloFin−1.155%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 1.155% cheaper against BloFin than usual: you would sell low and buy high (−$115 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin QNT-USDT	67.550	0.0220	pay 0.0220% / 8h	1h 48m	$181K	$263K	75x
Short	Injective QNT/USDC PERP	66.770	0.0033	get 0.0004% / 1h	48m 50s	—	$86K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −1.155%Rate

Funding earned: −$39.2
Price spread: −1.155% → 0.000%: −$115.47
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$166.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 27 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 BloFin live order book, 27 min ago	2.21 bp	20.7 bp −$21	51.7 bp −$517	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 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	−0.0287%	8h	67.404	−0.216%	$54K	$99K	—	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.574	+0.035%	$138	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	66.770	−1.155%	—	$86K	5.5x
Binance QNTUSDT	+0.0100%	8h	67.560	+0.015%	$3.5M	$5.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.490	−0.089%	$2.8M	$1.2M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.650	+0.148%	$215K	$72K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.540	−0.015%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.570	+0.030%	$694K	$119K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.660	+0.163%	$1.7M	$206K	75x	as long as short
BloFin QNT-USDTlong	+0.0220%	8h	67.550	long leg	$181K	$263K	75x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDT	+0.0321%	8h	67.550	0.000%	—	$2.4M	—	as long as short
Kraken Futures PF_QNTUSD	+4.0105%	1h	67.450	−0.149%	$38K	$62K	10x	as long as short