QNT arbitrage explained
Right now Quant (QNT) trades on 10 venues we scan: 9 perpetual markets, 6 spot markets and 1 DEX pool. The lowest ask is on Variational perp at $255.35 and the highest bid on Gate spot at $255.69.
The widest QNT perpetual spread is between Variational and Gate: long QNT on Variational at $255.35 and short on Gate at $255.51 for +0.06% gross, or -0.10% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.067% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best QNT route is to buy spot on Bitget and short the perpetual on Gate: -0.00% gross, -0.20% net, with -0.096% a day of funding on the short leg.
Spot–spot QNT arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.07% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small QNT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: QNT funding rates · QNT spread charts · Quant price · arbitrage scanner for all coins.