Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXTIUSDT	81.010	0	get 0.0000% / 8h	6h 46m	$1.9M	$1.3M	25x
Short	Lighter AXTI	80.950	0.0032	get 0.0004% / 1h	46m 53s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.074%Rate

Funding earned: $6.72
Price spread: −0.074% → 0.000%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.69
Costs to cover: 0.110%
Break-even: 19.2 days

Slippage unknown: Bybit: live order book, 5 min ago; Lighter: no order-book sample. Net counts fees only.

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	5.53 bp	18.6 bp −$19	164.5 bp −$1,645	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	80.961	−0.060%	$8K	$124K	20x	as long as short
Bybit AXTIUSDTlong	0.0000%	8h	81.010	long leg	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	80.990	−0.025%	$2.7M	$10.2M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.960	−0.062%	$2.3M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.020	+0.012%	$1.7M	$3.2M	20x	as long as short
SunX AXTI-USDT	0.0000%	8h	81.220	+0.259%	$1K	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.130	+0.148%	$20K	$40K	20x	as long as short
GRVT AXTI_USDT_Perp	+0.0011%	8h	81.279	+0.332%	$821	$170K	10x	as long as short
QFEX AXTI-USD	+0.0015%	1h	80.900	−0.136%	$1.1M	$2.8M	10x	as long as short
Lighter AXTIshort	+0.0032%	1h	80.950	−0.074%	—	—	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AXTIUSDT	+0.0086%	8h	81.009	−0.002%	$9.0M	$33.3M	20x	as long as short
Extended AXTI-USD	+0.0088%	1h	80.886	−0.153%	$7K	$210K	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.940	−0.086%	$635K	$363K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.974	−0.045%	—	—	10x	as long as short