Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.035%

Price spread now: MEXC against Injective+1.198%70s7-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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 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 +$2 a day on $10k at the current rate, and MEXC is 1.198% dearer against Injective than usual: you sell high and buy low: +$120 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	66.770	0.0033	pay 0.0004% / 1h	48m 11s	—	$86K	5.5x
Short	MEXC QNT_USDT	67.570	0.0100	get 0.0100% / 8h	1h 48m	$2.9M	$1.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +1.198%Rate

Funding earned: $14
Price spread: +1.198% → 0.000%: $119.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $129.79
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	3.70 bp	5.7 bp −$6	29.3 bp −$293	95.4 bp −$9,542	257.1 bp −$128.6K

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
Variational Omni QNT	−0.0287%	8h	67.404	+0.950%	$54K	$99K	—	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.650	+1.317%	$138	—	150x	as long as short
Injective QNT/USDC PERPlong	+0.0033%	1h	66.770	long leg	—	$86K	5.5x
Binance QNTUSDT	+0.0100%	8h	67.569	+1.197%	$3.5M	$5.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.510	+1.108%	$2.8M	$1.2M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.650	+1.318%	$215K	$72K	25x	as long as short
MEXC QNT_USDTshort	+0.0100%	8h	67.570	+1.198%	$2.9M	$1.3M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.670	+1.348%	$695K	$119K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.690	+1.378%	$1.7M	$206K	75x	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.550	+1.168%	$181K	$263K	75x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDT	+0.0321%	8h	67.530	+1.138%	—	$2.4M	—	as long as short
Kraken Futures PF_QNTUSD	+4.0091%	1h	67.473	+1.053%	$38K	$62K	10x	as long as short