Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.046%

Price spread now: Bitget against Injective−0.402%71s7-day average +0.002% · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.402%, 7d avg +0.002%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.405% cheaper against Injective than usual: you would sell low and buy high (spread −0.402% now, against its 7-day average of +0.002%). If the spread goes back, that is −$40 on $10k: about 20 days of funding at the current rate (+$2 a day). The two prices were read 71 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	Injective QNT/USDC PERP	67.140	0.0033	pay 0.0004% / 1h	52m 15s	—	$115K	5.5x
Short	Bitget QNTUSDT	66.870	0.0100	get 0.0100% / 8h	2h 52m	$1.6M	$422K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.402%Rate

Funding earned: $14
Price spread: −0.402% → +0.002%: −$40.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.48
Costs to cover: 0.120%
Break-even: 26.2 days

Slippage unknown: Injective: no order-book sample; Bitget: 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 Bitget live order book, 4 min ago	8.24 bp	42.9 bp −$43	169.1 bp −$1,691	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
Kraken Futures PF_QNTUSD	−0.0628%	1h	66.895	−0.365%	$38K	$64K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	66.842	−0.444%	$136	—	150x	as long as short
Injective QNT/USDC PERPlong	+0.0033%	1h	67.140	long leg	—	$115K	5.5x
Binance QNTUSDT	+0.0100%	8h	66.790	−0.521%	$3.7M	$6.7M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.660	−0.715%	$2.7M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	66.870	−0.402%	$217K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	66.780	−0.536%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.650	−0.730%	$655K	$156K	30x	as long as short
Bitget QNTUSDTshort	+0.0100%	8h	66.870	−0.402%	$1.6M	$422K	75x
BingX QNT-USDT	+0.0100%	8h	66.730	−0.611%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QNT	+0.0100%	8h	66.688	−0.673%	$53K	$119K	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	66.740	−0.596%	$187K	$285K	75x	as long as short