Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h −0.033%

Price spread now: gTrade (Gains Network) against Bybit+0.193%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.193% dearer against Bybit than usual: you sell high and buy low (spread +0.193% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QNTUSDT	67.390	0.0100	pay 0.0100% / 8h	3h 30m	$2.8M	$1.2M	75x
Short	gTrade (Gains Network) QNT/USD	67.520	L +0.0001% / S +0.0010%	pay 0.0001% / 1h	30m 44s	$138	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.193%Rate

Funding earned: −$23.17
Price spread: +0.193% → 0.000%: $19.29
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.88
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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 Bybit live order book, 2 min ago	3.72 bp	29.6 bp −$30	296.6 bp −$2,966	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective QNT/USDC PERP	−0.0455%	1h	66.770	−0.920%	—	$86K	5.5x	as long as short
Variational Omni QNT	−0.0364%	8h	67.086	−0.451%	$53K	$99K	—	as long as short
gTrade (Gains Network) QNT/USDshort	L +0.0001% / S +0.0010%	1h	67.520	+0.193%	$138	—	150x
Binance QNTUSDT	+0.0100%	8h	67.471	+0.120%	$3.6M	$5.8M	75x	as long as short
Bybit QNTUSDTlong	+0.0100%	8h	67.390	long leg	$2.8M	$1.2M	75x
Gate QNT_USDT	+0.0100%	8h	67.490	+0.148%	$215K	$71K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.490	+0.148%	$3.1M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.440	+0.074%	$705K	$121K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.490	+0.148%	$1.7M	$204K	75x	as long as short
BingX QNT-USDT	+0.0100%	8h	67.450	+0.089%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QNT-USDT	+0.0220%	8h	67.460	+0.104%	$183K	$258K	75x	as long as short
Kraken Futures PF_QNTUSD	+3.9763%	1h	67.323	−0.099%	$33K	$56K	10x	as long as short