Funding you earn now, next payment 02:00 UTC+0.1082%/8h= +118.4% APRpaid last 24h +0.104%
Price spread now: BingX against Injective−1.534%117s7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 3 days (all we have)+0.902%+$90 · spread now −1.534%, 7d avg −0.032%
=Funding pays, the price is against you. BingX is 1.502% cheaper against Injective than usual: you would sell low and buy high (spread −1.534% now, against its 7-day average of −0.032%). If the spread goes back, that is −$150 on $10k: about 4.6 days of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.115% in total) that is about 3 months. The two prices were read 117 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 0.115% in total (about 6.0% 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 | 67.140 | 0.0033 | pay 0.0004% / 1h | 45m 29s | — | $115K | 5.5x |
| Short | BingX QNT-USDT | 66.110 | 0.1115 | get 0.1115% / 8h | 6h 45m | — | $2.4M | — |
Injective QNT/USDC PERP
BingX QNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $227.15
- Price spread: −1.534% → −0.032%
- −$150.18
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $66.95
- Costs to cover
- 0.100%
- Break-even
- 4.9 days
Slippage unknown: Injective: no order-book sample; BingX: 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 BingX live order book, 4 min ago | 6.04 bp | 36.2 bp −$36 | 98.8 bp −$988 | 439.1 bp −$43.9K | 867.4 bp −$433.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_QNTUSD | −0.0238% | 1h | 66.171 | −1.443% | $38K | $64K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.106 | −1.539% | $135 | — | 150x | as long as short |
| Injective QNT/USDC PERPlong | +0.0033% | 1h | 67.140 | long leg | — | $115K | 5.5x | |
| Variational Omni QNT | +0.0046% | 8h | 66.010 | −1.683% | $53K | $119K | — | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 66.109 | −1.535% | $3.8M | $6.9M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.040 | −1.638% | $2.7M | $1.5M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.160 | −1.460% | $213K | $98K | 25x | as long as short |
| MEXC QNT_USDT | +0.0100% | 8h | 66.110 | −1.534% | $2.9M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.130 | −1.504% | $670K | $151K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.090 | −1.564% | $1.6M | $354K | 75x | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Variational Omni QNT
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDT | +0.0220% | 8h | 66.260 | −1.311% | $190K | $279K | 75x | as long as short |
| BingX QNT-USDTshort | +0.1115% | 8h | 66.110 | −1.534% | — | $2.4M | — |
BloFin QNT-USDT