Funding you earn now, next payment 00:00 UTC+0.0491%/8h= +53.7% APRpaid last 24h +0.035%
Price spread now: MEXC against Injective−0.238%100s7-day average +0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now −0.238%, 7d avg +0.029%
=Funding pays, the price is against you. MEXC is 0.268% cheaper against Injective than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of +0.029%). If the spread goes back, that is −$27 on $10k: about 44 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.116% in total) that is about 16 days. The two prices were read 100 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 0.116% in total (about 6.0% 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 | −0.0391 | get 0.0049% / 1h | 19m 28s | — | $115K | 5.5x |
| Short | MEXC QNT_USDT | 66.980 | 0.0100 | get 0.0100% / 8h | 19m 28s | $2.9M | $1.3M | 200x |
Injective QNT/USDC PERP
MEXC QNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $103.05
- Price spread: −0.238% → +0.029%
- −$26.76
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $72.26
- Costs to cover
- 0.040%
- Break-even
- 2.1 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 1.50 bp | 3.5 bp −$3 | 34.1 bp −$341 | 100.6 bp −$10.1K | doesn't fit |
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 PERPlong | −0.0391% | 1h | 67.140 | long leg | — | $115K | 5.5x | |
| Variational Omni QNT | −0.0165% | 8h | 66.926 | −0.319% | $58K | $114K | — | as long as short |
| gTrade (Gains Network) QNT/USD | L +0.0001% / S +0.0010% | 1h | 67.028 | −0.167% | $137 | — | 150x | as long as short |
| Binance QNTUSDT | +0.0100% | 8h | 67.010 | −0.194% | $3.7M | $6.7M | 75x | as long as short |
| Bybit QNTUSDT | +0.0100% | 8h | 66.940 | −0.298% | $2.8M | $1.4M | 75x | as long as short |
| Gate QNT_USDT | +0.0100% | 8h | 66.990 | −0.223% | $213K | $95K | 25x | as long as short |
| MEXC QNT_USDTshort | +0.0100% | 8h | 66.980 | −0.238% | $2.9M | $1.3M | 200x | |
| KuCoin QNTUSDTM | +0.0100% | 8h | 66.980 | −0.238% | $694K | $152K | 30x | as long as short |
| Bitget QNTUSDT | +0.0100% | 8h | 67.020 | −0.179% | $1.7M | $272K | 75x | as long as short |
| BloFin QNT-USDT | +0.0220% | 8h | 66.930 | −0.313% | $187K | $260K | 75x | as long as short |
Variational Omni QNT
gTrade (Gains Network) QNT/USD
Binance QNTUSDT
Bybit QNTUSDT
Gate QNT_USDT
KuCoin QNTUSDTM
Bitget QNTUSDT
BloFin QNT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX QNT-USDT | +0.0502% | 8h | 66.970 | −0.253% | — | $2.4M | — | as long as short |
| Kraken Futures PF_QNTUSD | +3.1004% | 1h | 67.045 | −0.142% | $38K | $62K | 10x | as long as short |
BingX QNT-USDT
Kraken Futures PF_QNTUSD