Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0847%/8h= +92.8% APRpaid last 24h −3.386%

Price spread now: Binance against Kraken Futures−0.211%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−3.117%−$312 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.211% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 20 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −3.117%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_QNTUSD	67.506	−0.0747	get 0.0093% / 1h	44m 58s	$38K	$65K	10x
Short	Binance QNTUSDT	67.364	0.0100	get 0.0100% / 8h	1h 44m	$3.7M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.211%Rate

Funding earned: $177.92
Price spread: −0.211% → 0.000%: −$21.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $136.84
Costs to cover: 0.200%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 9 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.74 bp	24.1 bp −$24	96.1 bp −$961	doesn't fit	doesn't fit

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_QNTUSDlong	−0.0747%	1h	67.506	long leg	$38K	$65K	10x
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.452	−0.080%	$137	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.542%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0072%	8h	67.128	−0.560%	$54K	$119K	—	as long as short
Binance QNTUSDTshort	+0.0100%	8h	67.364	−0.211%	$3.7M	$7.0M	75x
Bybit QNTUSDT	+0.0100%	8h	67.270	−0.350%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.420	−0.128%	$220K	$81K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.380	−0.187%	$3.0M	$1.4M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	67.260	−0.365%	$654K	$155K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	67.440	−0.098%	$1.6M	$437K	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	67.330	−0.261%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.400	−0.157%	$184K	$290K	75x	as long as short