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: KuCoin against Kraken Futures−0.130%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.130% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 12 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −3.048%, 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	67.257	−0.0750	get 0.0094% / 1h	39m 12s	$38K	$65K	10x
Short	KuCoin QNTUSDTM	67.170	0.0100	get 0.0100% / 8h	1h 39m	$653K	$154K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.130%Rate

Funding earned: $178.5
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $143.52
Costs to cover: 0.220%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 15 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 KuCoin live order book, 15 min ago	37.97 bp	143.4 bp −$143	356.4 bp −$3,564	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	−0.0750%	1h	67.257	long leg	$38K	$65K	10x
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.240	−0.026%	$137	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	−0.174%	—	$115K	5.5x	as long as short
Variational Omni QNT	+0.0075%	8h	67.278	+0.031%	$54K	$119K	—	as long as short
Binance QNTUSDT	+0.0100%	8h	67.160	−0.145%	$3.7M	$7.0M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	67.010	−0.368%	$2.8M	$1.6M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.250	−0.011%	$220K	$81K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	67.200	−0.085%	$3.0M	$1.4M	200x	as long as short
KuCoin QNTUSDTMshort	+0.0100%	8h	67.170	−0.130%	$653K	$154K	30x
Bitget QNTUSDT	+0.0100%	8h	67.200	−0.085%	$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	67.140	−0.174%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	67.190	−0.100%	$184K	$289K	75x	as long as short