Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0021%/8h= −2.2% APRpaid last 24h −0.001%

Price spread now: QFEX against Binance−0.081%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 2 days (all we have)+0.037%+$4 · spread now −0.081%, 7d avg +0.009%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.090% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXTIUSDT	81.136	0.0036	pay 0.0036% / 8h	6h 04m	$9.0M	$33.1M	20x
Short	QFEX AXTI-USD	81.070	0.0015	get 0.0002% / 1h	4m 02s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$4.31
Price spread: −0.081% → +0.009%: −$9.03
Slippage, 4 orders: −$26.27
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$59.6
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; QFEX: live order book, 3 min ago.

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 Binance live order book, 8 min ago	2.47 bp	15.0 bp −$15	46.5 bp −$465	101.8 bp −$10.2K	doesn't fit
Sell QFEX live order book, 3 min ago	3.70 bp	9.4 bp −$9	22.4 bp −$224	doesn't fit	doesn't fit

AXTI on 14 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
Aster AXTIUSDT	0.0000%	8h	81.140	+0.004%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.130	−0.007%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.090	−0.057%	$2.8M	$10.0M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.120	−0.020%	$2.3M	$5.1M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.140	+0.005%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.943	−0.238%	$486	$171K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	81.120	−0.020%	$915	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.120	−0.020%	$20K	$40K	20x	as long as short
QFEX AXTI-USDshort	+0.0015%	1h	81.070	−0.081%	$1.2M	$2.7M	10x
Lighter AXTI	+0.0032%	1h	81.090	−0.057%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AXTI-USD	+0.0032%	1h	81.132	−0.006%	$7K	$206K	10x	as long as short
Binance AXTIUSDTlong	+0.0036%	8h	81.136	long leg	$9.0M	$33.1M	20x
KuCoin AXTIUSDTM	+0.0100%	8h	81.120	−0.020%	$637K	$384K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.127	−0.011%	—	—	10x	as long as short