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 $242.94 and the highest bid on KuCoin spot at $243.52.
The widest QNT perpetual spread is between Variational and Bybit: long QNT on Variational at $242.94 and short on Bybit at $243.14 for +0.08% gross, or -0.08% 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 +0.030% per day, which the position collects 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 Bybit: -0.02% gross, -0.22% net, with -0.007% a day of funding on the short leg.
Spot–spot QNT arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows +0.14% 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.