Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h −0.033%

Price spread now: gTrade (Gains Network) against MEXC+0.159%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.159% dearer against MEXC than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC QNT_USDT	67.350	0.0100	pay 0.0100% / 8h	1h 52m	$3.0M	$1.4M	200x
Short	gTrade (Gains Network) QNT/USD	67.457	L +0.0001% / S +0.0010%	pay 0.0001% / 1h	52m 08s	$138	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.159%Rate

Funding earned: −$23.17
Price spread: +0.159% → 0.000%: $15.86
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$21.31
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 min ago; gTrade (Gains Network): 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 MEXC live order book, 5 min ago	1.50 bp	3.5 bp −$3	33.3 bp −$333	88.9 bp −$8,886	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0748%	1h	67.475	+0.186%	$38K	$65K	10x	as long as short
gTrade (Gains Network) QNT/USDshort	L +0.0001% / S +0.0010%	1h	67.457	+0.159%	$138	—	150x
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.312%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0079%	8h	66.813	−0.797%	$53K	$119K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.293	−0.084%	$3.7M	$7.0M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.250	−0.148%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.460	+0.163%	$220K	$80K	25x	as long as short
MEXC QNT_USDTlong	+0.0100%	8h	67.350	long leg	$3.0M	$1.4M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.490	+0.208%	$657K	$158K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.390	+0.059%	$1.6M	$437K	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	+0.0100%	8h	67.300	−0.074%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.230	−0.178%	$186K	$288K	75x	as long as short