Funding you earn now, next payment 08:00 UTC−0.0895%/8h= −98.0% APRnext payment −$8.95 per $10,000 · paid last 24h −0.028%
Price spread now: BloFin against BingX+0.181%306s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days+0.245%+$24 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.181%, 7d avg +0.030%
=The price spread pays, funding is against you. BloFin is 0.151% dearer against BingX than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.030%): +$15 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you. The two prices were read 306 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX QNT-USDT | 66.140 | 0.1115 | pay 0.1115% / 8h | 6h 44m | — | $2.4M | — |
| Short | BloFin QNT-USDT | 66.260 | 0.0220 | get 0.0220% / 8h | 6h 44m | $190K | $279K | 75x |
BingX QNT-USDT
BloFin QNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$187.95
- Price spread: +0.181% → +0.030%
- $15.12
- Slippage, 4 orders
- −$90.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$285.05
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 17 min ago.
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 BingX live order book, 5 min ago | 6.04 bp | 23.5 bp −$24 | 66.1 bp −$661 | 526.5 bp −$52.6K | 913.9 bp −$456.9K |
| Sell BloFin live order book, 17 min ago | 1.50 bp | 23.0 bp −$23 | 60.4 bp −$604 | doesn't fit | doesn't fit |
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 | −0.0238% | 1h | 66.213 | +0.111% | $38K | $64K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.120 | −0.030% | $135 | — | 150x | as long as short |
| Injective QNT/USDC PERP | +0.0033% | 1h | 67.140 | +1.512% | — | $115K | 5.5x | as long as short |
| Variational Omni QNT | +0.0046% | 8h | 66.010 | −0.197% | $53K | $119K | — | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 66.140 | 0.000% | $3.8M | $6.9M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.080 | −0.091% | $2.7M | $1.5M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.200 | +0.091% | $213K | $98K | 25x | as long as short |
| MEXC QNT_USDT | +0.0100% | 8h | 66.140 | 0.000% | $2.9M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.190 | +0.076% | $669K | $151K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.100 | −0.060% | $1.6M | $354K | 75x | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Injective QNT/USDC PERP
Variational Omni QNT
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDTshort | +0.0220% | 8h | 66.260 | +0.181% | $190K | $279K | 75x | |
| BingX QNT-USDTlong | +0.1115% | 8h | 66.140 | long leg | — | $2.4M | — |