Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.006%

Price spread now: QFEX against Bybit+0.013%53s7-day average −0.014% · you sell dearer than you buy

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

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

costs, in and out, $10k−$800.799% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.013%, 7d avg −0.014%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 53 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	78.910	0	get 0.0000% / 8h	5h 27m	$1.9M	$1.6M	25x
Short	QFEX AXTI-USD	78.920	0.0058	get 0.0007% / 1h	27m 49s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $12.1
Price spread: +0.013% → −0.014%: $2.65
Slippage, 4 orders: −$58.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$65.11
Costs to cover: 0.799%
Break-even: 44.7 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 7 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, 2 min ago	5.70 bp	30.0 bp −$30	175.4 bp −$1,754	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	4.44 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit

AXTI on 14 exchanges

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	−0.0396%	8h	78.980	+0.089%	$1.2M	$4.0M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.866	−0.056%	$7K	$124K	20x	as long as short
Bybit AXTIUSDTlong	0.0000%	8h	78.910	long leg	$1.9M	$1.6M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	78.930	+0.025%	$2.7M	$13.0M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.930	+0.025%	$1.7M	$6.6M	50x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.770	−0.177%	$1K	$781K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.910	0.000%	$19K	$33K	20x	as long as short
Lighter AXTI	+0.0032%	1h	78.820	−0.114%	—	—	10x	as long as short
Binance AXTIUSDT	+0.0039%	8h	78.931	+0.027%	$8.5M	$38.0M	20x	as long as short
Extended AXTI-USD	+0.0040%	1h	78.901	−0.011%	$7K	$290K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AXTI-USDshort	+0.0058%	1h	78.920	+0.013%	$1.1M	$2.0M	10x
KuCoin AXTIUSDTM	+0.0100%	8h	78.860	−0.063%	$594K	$686K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.924	+0.018%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0650%	8h	78.857	−0.067%	$487	$233K	10x	as long as short