Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: SunX against Binance−0.087%46s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1641.639% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.087%, 7d avg +0.023%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.110% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 46 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	Binance AXTIUSDT	78.999	0	get 0.0000% / 8h	2h 50m	$8.4M	$33.2M	20x
Short	SunX AXTI-USDT	78.930	0	get 0.0000% / 8h	2h 50m	$906	$978K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.023%: −$10.99
Slippage, 4 orders: −$145.94
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$174.93
Costs to cover: 1.639%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 52 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, 6 min ago	1.90 bp	13.9 bp −$14	44.3 bp −$443	129.5 bp −$13.0K	doesn't fit
Sell SunX live order book, 52 min ago	46.49 bp	65.7 bp −$66	doesn't fit	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
Bitget AXTIUSDT	−0.1411%	8h	79.080	+0.102%	$1.6M	$3.3M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	79.000	+0.001%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	79.029	+0.037%	$7K	$212K	10x	as long as short
Binance AXTIUSDTlong	0.0000%	8h	78.999	long leg	$8.4M	$33.2M	20x
Bybit AXTIUSDT	0.0000%	8h	78.990	−0.011%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	78.960	−0.049%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	79.050	+0.065%	$2.0M	$5.2M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	78.960	−0.049%	$711	$192K	10x	as long as short
SunX AXTI-USDTshort	0.0000%	8h	78.930	−0.087%	$906	$978K	10x
HTX AXTI-USDT	0.0000%	8h	79.020	+0.027%	$19K	$40K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AXTI-USD	+0.0017%	1h	78.970	−0.037%	$1.1M	$2.0M	10x	as long as short
Lighter AXTI	+0.0032%	1h	79.010	+0.014%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	79.040	+0.052%	$610K	$519K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	79.047	+0.061%	—	—	10x	as long as short