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: Injective against MEXC−1.242%100s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.242% cheaper against MEXC than usual: you would sell low and buy high (−$124 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	MEXC QNT_USDT	67.610	0.0100	pay 0.0100% / 8h	1h 47m	$2.9M	$1.3M	200x
Short	Injective QNT/USDC PERP	66.770	0.0033	get 0.0004% / 1h	47m 25s	—	$86K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −1.242%Rate

Funding earned: −$14
Price spread: −1.242% → 0.000%: −$124.24
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$142.26
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	3.70 bp	5.7 bp −$6	35.1 bp −$351	98.2 bp −$9,816	255.6 bp −$127.8K
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
Variational Omni QNT	−0.0287%	8h	67.404	−0.304%	$54K	$99K	—	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.650	+0.058%	$138	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	66.770	−1.242%	—	$86K	5.5x
Binance QNTUSDT	+0.0100%	8h	67.583	−0.041%	$3.5M	$5.8M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.500	−0.163%	$2.8M	$1.2M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.660	+0.074%	$215K	$72K	25x	as long as short
MEXC QNT_USDTlong	+0.0100%	8h	67.610	long leg	$2.9M	$1.3M	200x
KuCoin QNTUSDTM	+0.0100%	8h	67.670	+0.089%	$695K	$119K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.690	+0.118%	$1.7M	$206K	75x	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.550	−0.089%	$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	−0.118%	—	$2.4M	—	as long as short
Kraken Futures PF_QNTUSD	+4.0091%	1h	67.473	−0.203%	$38K	$62K	10x	as long as short