Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.030%

Price spread now: Binance against Injective+0.996%77s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.996% dearer against Injective than usual: you sell high and buy low: +$100 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. 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	Injective QNT/USDC PERP	66.770	−0.0384	get 0.0048% / 1h	4m 04s	—	$86K	5.5x
Short	Binance QNTUSDT	67.435	0.0100	get 0.0100% / 8h	2h 04m	$3.5M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.996%Rate

Funding earned: $101.71
Price spread: +0.996% → 0.000%: $99.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $191.31
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.48 bp	22.6 bp −$23	71.0 bp −$710	doesn't fit	doesn't fit

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
Injective QNT/USDC PERPlong	−0.0384%	1h	66.770	long leg	—	$86K	5.5x
Variational Omni QNT	−0.0299%	8h	67.472	+1.051%	$54K	$99K	—	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.566	+1.192%	$138	—	150x	as long as short
Binance QNTUSDTshort	+0.0100%	8h	67.435	+0.996%	$3.5M	$5.8M	75x
Bybit QNTUSDT	+0.0100%	8h	67.380	+0.914%	$2.8M	$1.2M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.580	+1.213%	$215K	$73K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.480	+1.063%	$2.9M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.510	+1.108%	$698K	$119K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.510	+1.108%	$1.7M	$212K	75x	as long as short
BingX QNT-USDT	+0.0144%	8h	67.450	+1.018%	—	$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	67.550	+1.168%	$182K	$255K	75x	as long as short
Kraken Futures PF_QNTUSD	+4.0251%	1h	67.359	+0.883%	$38K	$62K	10x	as long as short