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 +0.015%

Price spread now: GRVT against Bitget−0.135%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.745%+$75 · spread now −0.135%, 7d avg +0.016%

Together, before fees+0.636%+ Points / potential airdropGRVT: Active · farm board+$64 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: GRVT is 0.151% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXTIUSDT	81.300	0	get 0.0000% / 8h	5h 39m	$1.7M	$3.2M	20x
Short	GRVT AXTI_USDT_Perp	81.190	0	get 0.0000% / 8h	5h 39m	$681	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → +0.016%: −$15.1
Slippage, 4 orders: −$99.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$135.49
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 23 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 Bitget live order book, 3 min ago	2.46 bp	26.2 bp −$26	33.3 bp −$333	98.7 bp −$9,874	doesn't fit
Sell GRVT live order book, 23 min ago	3.70 bp	30.4 bp −$30	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
Aster AXTIUSDT	0.0000%	8h	81.223	−0.095%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.260	−0.049%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.260	−0.049%	$2.8M	$9.9M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.260	−0.049%	$2.2M	$5.0M	50x	as long as short
Bitget AXTIUSDTlong	0.0000%	8h	81.300	long leg	$1.7M	$3.2M	20x
GRVT AXTI_USDT_Perpshort	0.0000%	8h	81.190	−0.135%	$681	$172K	10x
SunX AXTI-USDT	0.0000%	8h	81.240	−0.074%	$997	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.270	−0.037%	$20K	$40K	20x	as long as short
Binance AXTIUSDT	+0.0020%	8h	81.293	−0.009%	$9.1M	$32.9M	20x	as long as short
QFEX AXTI-USD	+0.0024%	1h	81.260	−0.049%	$1.1M	$2.6M	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	+0.0024%	1h	81.276	−0.029%	$9K	$207K	10x	as long as short
Lighter AXTI	+0.0032%	1h	81.150	−0.185%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	81.210	−0.111%	$637K	$383K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.270	−0.037%	—	—	10x	as long as short