Funding arb · Price arb /

QNT

all QNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.006%

Price spread now: Injective against Variational Omni+0.354%76s7-day average +0.173% · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.354%, 7d avg +0.173%

Together, before fees+0.119%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.181% dearer against Variational Omni than usual: you sell high and buy low (spread +0.354% now, against its 7-day average of +0.173%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.0 days. At the pace of the last 4 days (−0.019% in total) that is about 34 days. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni QNT	66.903	0.0100	pay 0.0100% / 8h	3h 50m	$54K	$119K	—
Short	Injective QNT/USDC PERP	67.140	0.0033	get 0.0004% / 1h	50m 01s	—	$115K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +0.354%Rate

Funding earned: −$14
Price spread: +0.354% → +0.173%: $18.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $4.07
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Injective: no order-book sample. 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 Variational Omni RFQ quote, 19 min ago	7.21 bp	doesn't fit	199.6 bp −$1,996	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0420%	1h	67.002	+0.147%	$38K	$64K	10x	as long as short
gTrade (Gains Network) QNT/USD	L +0.0001% / S +0.0010%	1h	67.042	+0.207%	$137	—	150x	as long as short
Injective QNT/USDC PERPshort	+0.0033%	1h	67.140	+0.354%	—	$115K	5.5x
Binance QNTUSDT	+0.0100%	8h	66.930	+0.040%	$3.8M	$6.7M	75x	as long as short
Bybit QNTUSDT	+0.0100%	8h	66.910	+0.010%	$2.8M	$1.5M	75x	as long as short
Gate QNT_USDT	+0.0100%	8h	67.080	+0.264%	$216K	$78K	25x	as long as short
MEXC QNT_USDT	+0.0100%	8h	66.920	+0.025%	$2.9M	$1.3M	200x	as long as short
KuCoin QNTUSDTM	+0.0100%	8h	66.800	−0.154%	$660K	$158K	30x	as long as short
Bitget QNTUSDT	+0.0100%	8h	66.990	+0.130%	$1.6M	$393K	75x	as long as short
Variational Omni QNTlong	+0.0100%	8h	66.903	long leg	$54K	$119K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QNT-USDT	+0.0220%	8h	66.960	+0.085%	$187K	$287K	75x	as long as short
BingX QNT-USDT	+0.0314%	8h	66.940	+0.055%	—	$2.4M	—	as long as short