Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0491%/8h= −53.7% APRpaid last 24h −0.035%

Price spread now: Injective against Gate0.000%7-day average −0.056% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.442%+$44 · spread now 0.000%, 7d avg −0.056%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.056% dearer against Gate than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.056%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.124% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.4% a year). A funding rate is set anew for every payment. 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	Gate QNT_USDT	67.140	0.0100	pay 0.0100% / 8h	47m 22s	$213K	$95K	25x
Short	Injective QNT/USDC PERP	67.140	−0.0391	pay 0.0049% / 1h	47m 22s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$103.05
Price spread: 0.000% → −0.056%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$112.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 24 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 Gate live order book, 24 min ago	25.35 bp	100.4 bp −$100	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
Injective QNT/USDC PERPshort	−0.0391%	1h	67.140	0.000%	—	$115K	5.5x
Variational Omni QNT	−0.0213%	8h	67.192	+0.077%	$64K	$109K	—	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.068	−0.107%	$137	—	150x	as long as short
Binance QNTUSDT	+0.0100%	8h	67.062	−0.116%	$3.7M	$6.7M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.960	−0.268%	$2.8M	$1.4M	75x	as long as short
Gate QNT_USDTlong	+0.0100%	8h	67.140	long leg	$213K	$95K	25x
MEXC QNT_USDT	+0.0100%	8h	67.050	−0.134%	$3.0M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.080	−0.089%	$698K	$152K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.040	−0.149%	$1.7M	$270K	75x	as long as short
BloFin QNT-USDT	+0.0220%	8h	66.940	−0.298%	$187K	$260K	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	+0.0436%	8h	66.970	−0.253%	—	$2.4M	—	as long as short
Kraken Futures PF_QNTUSD	+3.0977%	1h	67.104	−0.054%	$38K	$62K	10x	as long as short