Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.040%
Price spread now: Injective against Bybit+1.038%88s7-day average +0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 3 days (all we have)−0.293%−$29 · spread now +1.038%, 7d avg +0.127%
=The price spread pays, funding is against you. Injective is 0.911% dearer against Bybit than usual: you sell high and buy low (spread +1.038% now, against its 7-day average of +0.127%): +$91 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 days. The two prices were read 88 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 | Bybit QNTUSDT | 66.450 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $2.7M | $1.5M | 75x |
| Short | Injective QNT/USDC PERP | 67.140 | 0.0033 | get 0.0004% / 1h | 55m 55s | — | $115K | 5.5x |
Bybit QNTUSDT
Injective QNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +1.038% → +0.127%
- $91.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $66.12
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 5.28 bp | 40.0 bp −$40 | 174.9 bp −$1,749 | 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 11 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 | −0.0538% | 1h | 66.551 | +0.153% | $38K | $64K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.565 | +0.174% | $136 | — | 150x | as long as short |
| Injective QNT/USDC PERPshort | +0.0033% | 1h | 67.140 | +1.038% | — | $115K | 5.5x | |
| Binance QNTUSDT | +0.0100% | 8h | 66.454 | +0.006% | $3.8M | $6.8M | 75x | as long as short |
| Bybit QNTUSDTlong | +0.0100% | 8h | 66.450 | long leg | $2.7M | $1.5M | 75x | |
| Gate QNT_USDT | +0.0100% | 8h | 66.560 | +0.166% | $215K | $97K | 25x | as long as short |
| MEXC QNT_USDT | +0.0100% | 8h | 66.460 | +0.015% | $3.0M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.430 | −0.030% | $675K | $151K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.500 | +0.075% | $1.6M | $380K | 75x | as long as short |
| Variational Omni QNT | +0.0100% | 8h | 66.484 | +0.051% | $53K | $119K | — | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Binance QNTUSDT
Gate QNT_USDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
Variational Omni QNTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX QNT-USDT | +0.0872% | 8h | 66.410 | −0.060% | — | $2.4M | — | as long as short |
BingX QNT-USDT