Funding arb · Price arb /

QNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0521%/8h= +57.0% APRpaid last 24h −3.405%

Price spread now: Variational Omni against Kraken Futures−0.397%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.397% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 2.5 days of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_QNTUSD	66.923	−0.0421	get 0.0053% / 1h	21m 35s	$38K	$64K	10x
Short	Variational Omni QNT	66.658	0.0100	get 0.0100% / 8h	3h 21m	$53K	$119K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.397%Rate

Funding earned: $109.38
Price spread: −0.397% → 0.000%: −$39.68
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $59.7
Costs to cover: 0.100%
Break-even: 3.2 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 47 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 Variational Omni RFQ quote, 47 min ago	7.21 bp	doesn't fit	177.8 bp −$1,778	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	−0.0421%	1h	66.923	long leg	$38K	$64K	10x
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	66.870	−0.080%	$136	—	150x	as long as short
Injective QNT/USDC PERP	+0.0033%	1h	67.140	+0.324%	—	$115K	5.5x	as long as short
Binance QNTUSDT	+0.0100%	8h	66.834	−0.134%	$3.7M	$6.6M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.720	−0.304%	$2.7M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	66.860	−0.094%	$216K	$78K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	66.840	−0.124%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.700	−0.334%	$658K	$157K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	66.910	−0.020%	$1.6M	$392K	75x	as long as short
Variational Omni QNTshort	+0.0100%	8h	66.658	−0.397%	$53K	$119K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX QNT-USDT	+0.0203%	8h	66.820	−0.154%	—	$2.4M	—	as long as short
BloFin QNT-USDT	+0.0220%	8h	66.780	−0.214%	$187K	$285K	75x	as long as short