Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0992%/8h= +108.7% APRpaid last 24h −3.390%

Price spread now: MEXC against Kraken Futures−0.100%51s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−3.119%−$312 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$30 a day). Mind the row above: over the last 7 days funding on this pair cost −3.119%, so the current rate has only just turned in your favour. The two prices were read 51 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	Kraken Futures PF_QNTUSD	67.648	−0.0892	get 0.0112% / 1h	2m 19s	$38K	$65K	10x
Short	MEXC QNT_USDT	67.580	0.0100	get 0.0100% / 8h	2m 19s	$2.9M	$1.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.100%Rate

Funding earned: $208.41
Price spread: −0.100% → 0.000%: −$10.04
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $184.37
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	1.48 bp	3.5 bp −$3	34.3 bp −$343	100.2 bp −$10.0K	doesn't fit

Kraken Futures: 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_QNTUSDlong	−0.0892%	1h	67.648	long leg	$38K	$65K	10x
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.618	−0.044%	$138	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.751%	—	$115K	5.5x	as long as short
Binance QNTUSDT	+0.0100%	8h	67.577	−0.105%	$3.7M	$7.2M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.500	−0.219%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.570	−0.115%	$228K	$89K	25x	as long as short
MEXC QNT_USDTshort	+0.0100%	8h	67.580	−0.100%	$2.9M	$1.4M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.650	+0.003%	$658K	$160K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.640	−0.012%	$1.7M	$443K	75x	as long as short
BingX QNT-USDT	+0.0100%	8h	67.560	−0.130%	—	$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	67.506	−0.210%	$54K	$120K	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.550	−0.145%	$184K	$308K	75x	as long as short