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 −0.015%

Price spread now: Bitget against GRVT+0.135%103s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as 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−$1201.204% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.745%−$75 · spread now +0.135%, 7d avg −0.016%

Together, before fees−0.636%+ Points / potential airdropGRVT: Active · farm board−$64 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: Bitget is 0.151% dearer against GRVT than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 103 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	GRVT AXTI_USDT_Perp	81.190	0	get 0.0000% / 8h	5h 39m	$681	$172K	10x
Short	Bitget AXTIUSDT	81.300	0	get 0.0000% / 8h	5h 39m	$1.7M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → −0.016%: $15.12
Slippage, 4 orders: −$99.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.27
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from GRVT: live order book, 22 min ago; Bitget: live order book, 3 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 GRVT live order book, 22 min ago	3.70 bp	25.8 bp −$26	38.5 bp −$385	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.46 bp	38.0 bp −$38	72.6 bp −$726	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	81.213	+0.028%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.260	+0.086%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.260	+0.086%	$2.8M	$9.9M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.260	+0.086%	$2.2M	$5.0M	50x	as long as short
Bitget AXTIUSDTshort	0.0000%	8h	81.300	+0.135%	$1.7M	$3.2M	20x
GRVT AXTI_USDT_Perplong	0.0000%	8h	81.190	long leg	$681	$172K	10x
SunX AXTI-USDT	0.0000%	8h	81.240	+0.062%	$997	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.270	+0.099%	$20K	$40K	20x	as long as short
Binance AXTIUSDT	+0.0020%	8h	81.300	+0.135%	$9.1M	$32.9M	20x	as long as short
QFEX AXTI-USD	+0.0024%	1h	81.250	+0.074%	$1.1M	$2.7M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AXTI-USD	+0.0024%	1h	81.280	+0.111%	$9K	$207K	10x	as long as short
Lighter AXTI	+0.0032%	1h	81.150	−0.049%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	81.220	+0.037%	$637K	$383K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.270	+0.098%	—	—	10x	as long as short