Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.015%

Price spread now: SunX against Extended+0.191%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1701.705% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.191%, 7d avg +0.027%

Together, before fees−0.201%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.164% dearer against Extended than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.027%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.092% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AXTI-USD	81.734	0.0088	pay 0.0011% / 1h	32m 24s	$7K	$237K	10x
Short	SunX AXTI-USDT	81.890	0	get 0.0000% / 8h	7h 32m	$898	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$18.48
Price spread: +0.191% → +0.027%: $16.44
Slippage, 4 orders: −$157.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$172.49
Costs to cover: 1.705%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; SunX: live order book, 1 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 Extended live order book, 39 min ago	4.19 bp	19.6 bp −$20	202.3 bp −$2,023	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	47.14 bp	65.8 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
Aster AXTIUSDT	0.0000%	8h	81.662	−0.088%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.740	+0.008%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.730	−0.005%	$2.8M	$10.4M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.660	−0.090%	$2.3M	$5.2M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.750	+0.020%	$1.7M	$3.3M	20x	as long as short
SunX AXTI-USDTshort	0.0000%	8h	81.890	+0.191%	$898	$1.1M	10x
HTX AXTI-USDT	0.0000%	8h	81.570	−0.200%	$19K	$38K	20x	as long as short
Lighter AXTI	+0.0032%	1h	81.670	−0.078%	—	—	10x	as long as short
QFEX AXTI-USD	+0.0039%	1h	81.640	−0.115%	$1.1M	$2.9M	10x	as long as short
Binance AXTIUSDT	+0.0084%	8h	81.711	−0.028%	$9.2M	$33.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AXTI-USDlong	+0.0088%	1h	81.734	long leg	$7K	$237K	10x
KuCoin AXTIUSDTM	+0.0100%	8h	81.650	−0.103%	$644K	$363K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.728	−0.007%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0132%	8h	81.690	−0.054%	$747	$176K	10x	as long as short