Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: GRVT against Bybit−0.022%60s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as 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−$970.968% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.395%+$39 · spread now −0.022%, 7d avg +0.044%

Together, before fees+0.462%+ Points / potential airdropGRVT: Active · farm board+$46 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 0.066% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 60 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	Bybit AXTIUSDT	80.210	0	get 0.0000% / 8h	1h 26m	$1.9M	$1.3M	25x
Short	GRVT AXTI_USDT_Perp	80.193	0	get 0.0000% / 8h	1h 26m	$540	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.044%: −$6.56
Slippage, 4 orders: −$76.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$103.35
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; GRVT: live order book, 55 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 Bybit live order book, 5 min ago	5.61 bp	18.0 bp −$18	264.8 bp −$2,648	doesn't fit	doesn't fit
Sell GRVT live order book, 55 min ago	4.37 bp	21.5 bp −$22	71.4 bp −$714	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	80.089	−0.151%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.210	−0.001%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.230	+0.025%	$9.0M	$33.1M	20x	as long as short
Bybit AXTIUSDTlong	0.0000%	8h	80.210	long leg	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	80.270	+0.075%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.180	−0.037%	$2.2M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.240	+0.037%	$1.7M	$3.4M	20x	as long as short
GRVT AXTI_USDT_Perpshort	0.0000%	8h	80.193	−0.022%	$540	$192K	10x
SunX AXTI-USDT	0.0000%	8h	80.200	−0.012%	$1K	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.190	−0.025%	$19K	$36K	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	+0.0004%	1h	80.210	0.000%	$1.1M	$2.8M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.140	−0.087%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.130	−0.100%	$622K	$349K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.173	−0.046%	—	—	10x	as long as short