Funding you earn now, next payment 04:00 UTC+0.0427%/8h= +46.7% APRpaid last 24h +0.110%
Price spread now: BingX against Injective−0.745%7-day average −0.059% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)+0.430%+$43 · spread now −0.745%, 7d avg −0.059%
=Funding pays, the price is against you. BingX is 0.686% cheaper against Injective than usual: you would sell low and buy high (spread −0.745% now, against its 7-day average of −0.059%). If the spread goes back, that is −$69 on $10k: about 5.4 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.120% in total) that is about 40 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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 | Injective QNT/USDC PERP | 67.140 | 0.0033 | pay 0.0004% / 1h | 23m 02s | — | $115K | 5.5x |
| Short | BingX QNT-USDT | 66.640 | 0.0460 | get 0.0460% / 8h | 4h 23m | — | $2.4M | — |
Injective QNT/USDC PERP
BingX QNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $89.6
- Price spread: −0.745% → −0.059%
- −$68.55
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.03
- Costs to cover
- 0.100%
- Break-even
- 6.1 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 11 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 11 min ago | 6.77 bp | 31.4 bp −$31 | 90.9 bp −$909 | 438.7 bp −$43.9K | 826.0 bp −$413.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_QNTUSD | −0.0832% | 1h | 66.743 | −0.591% | $38K | $65K | 10x | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 66.708 | −0.644% | $136 | — | 150x | as long as short |
| Injective QNT/USDC PERPlong | +0.0033% | 1h | 67.140 | long leg | — | $115K | 5.5x | |
| Binance QNTUSDT | +0.0100% | 8h | 66.667 | −0.705% | $3.7M | $6.7M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.580 | −0.834% | $2.7M | $1.5M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.700 | −0.655% | $215K | $92K | 25x | as long as short |
| MEXC QNT_USDT | +0.0100% | 8h | 66.680 | −0.685% | $2.8M | $1.3M | 200x | as long as short |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.710 | −0.640% | $659K | $160K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 66.660 | −0.715% | $1.6M | $380K | 75x | as long as short |
| Variational Omni QNT | +0.0100% | 8h | 66.483 | −0.979% | $53K | $119K | — | as long as short |
Kraken Futures PF_QNTUSD
gTrade (Gains Network) QNT/USD
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
MEXC QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
Variational Omni QNTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QNT-USDT | +0.0220% | 8h | 66.670 | −0.700% | $188K | $285K | 75x | as long as short |
| BingX QNT-USDTshort | +0.0460% | 8h | 66.640 | −0.745% | — | $2.4M | — |
BloFin QNT-USDT