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: Injective against KuCoin−0.060%7-day average +0.010% · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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)+0.371%+$37 · spread now −0.060%, 7d avg +0.010%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QNTUSDTM	67.180	0.0100	pay 0.0100% / 8h	2h 46m	$660K	$157K	30x
Short	Injective QNT/USDC PERP	67.140	0.0033	get 0.0004% / 1h	46m 31s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.060%Rate

Funding earned: −$14
Price spread: −0.060% → +0.010%: −$7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$33.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 13 min ago; Injective: no order-book sample. 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 KuCoin live order book, 13 min ago	28.52 bp	166.3 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0622%	1h	67.577	+0.590%	$38K	$64K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.400	+0.327%	$137	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	67.140	−0.060%	—	$115K	5.5x
Binance QNTUSDT	+0.0100%	8h	67.300	+0.179%	$3.7M	$6.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.260	+0.119%	$2.8M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.350	+0.253%	$218K	$79K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.310	+0.194%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTMlong	+0.0100%	8h	67.180	long leg	$660K	$157K	30x
Bitget QNTUSDT	+0.0100%	8h	67.380	+0.298%	$1.6M	$423K	75x	as long as short
BingX QNT-USDT	+0.0100%	8h	67.290	+0.164%	—	$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	66.683	−0.739%	$53K	$119K	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.360	+0.268%	$188K	$288K	75x	as long as short