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 +0.026%

Price spread now: GRVT against Gate+0.166%81s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as 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−$1041.045% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.308%+$31 · spread now +0.166%, 7d avg +0.068%

Together, before fees+0.414%+ Points / potential airdropGRVT: Active · farm board+$41 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 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 81 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	Gate AXTI_USDT	80.910	0	get 0.0000% / 8h	3h 56m	$2.2M	$5.0M	50x
Short	GRVT AXTI_USDT_Perp	81.044	0	get 0.0000% / 8h	3h 56m	$335	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → +0.068%: $9.75
Slippage, 4 orders: −$80.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$94.73
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; GRVT: live order book, 61 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 Gate live order book, 2 min ago	4.94 bp	17.6 bp −$18	46.0 bp −$460	74.5 bp −$7,448	doesn't fit
Sell GRVT live order book, 61 min ago	4.28 bp	51.8 bp −$52	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	80.969	+0.073%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.931	+0.026%	$7K	$207K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.927	+0.021%	$8.6M	$32.9M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	80.930	+0.025%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	80.890	−0.025%	$2.7M	$9.9M	20x	as long as short
Gate AXTI_USDTlong	0.0000%	8h	80.910	long leg	$2.2M	$5.0M	50x
Bitget AXTIUSDT	0.0000%	8h	80.930	+0.025%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perpshort	0.0000%	8h	81.044	+0.166%	$335	$183K	10x
SunX AXTI-USDT	0.0000%	8h	80.930	+0.025%	$537	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.920	+0.012%	$20K	$40K	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	+0.0005%	1h	80.890	−0.025%	$1.1M	$2.2M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.920	+0.012%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.940	+0.037%	$635K	$471K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.938	+0.034%	—	—	10x	as long as short