Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0850%/8h= −93.1% APRpaid last 24h +3.386%

Price spread now: Kraken Futures against Bybit+0.296%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+3.048%+$305 on $10k

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. Kraken Futures is 0.296% dearer against Bybit than usual: you sell high and buy low (spread +0.296% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +3.048%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QNTUSDT	67.080	0.0100	pay 0.0100% / 8h	1h 27m	$2.8M	$1.6M	75x
Short	Kraken Futures PF_QNTUSD	67.278	−0.0750	pay 0.0094% / 1h	27m 06s	$38K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.296%Rate

Funding earned: −$178.45
Price spread: +0.296% → 0.000%: $29.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$169.87
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 10 min ago; Kraken Futures: 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 Bybit live order book, 10 min ago	3.73 bp	43.8 bp −$44	1040.9 bp −$10.4K	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_QNTUSDshort	−0.0750%	1h	67.278	+0.296%	$38K	$65K	10x
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.208	+0.190%	$137	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	+0.089%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0064%	8h	66.973	−0.159%	$53K	$119K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.198	+0.175%	$3.7M	$7.0M	75x	as long as short
Bybit QNTUSDTlong	+0.0100%	8h	67.080	long leg	$2.8M	$1.6M	75x
Gate QNT_USDT	+0.0100%	8h	67.300	+0.328%	$220K	$81K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.210	+0.194%	$3.0M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.120	+0.060%	$652K	$154K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.210	+0.194%	$1.6M	$436K	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	67.180	+0.149%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.230	+0.224%	$183K	$292K	75x	as long as short