Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Bybit against GRVT+0.084%60s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$1181.175% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.558%−$56 · spread now +0.084%, 7d avg −0.044%

Together, before fees−0.625%+ Points / potential airdropGRVT: Active · farm board−$63 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: Bybit is 0.128% dearer against GRVT than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 60 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	80.073	0	get 0.0000% / 8h	2h 24m	$637	$198K	10x
Short	Bybit AXTIUSDT	80.140	0	get 0.0000% / 8h	2h 24m	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.044%: $12.84
Slippage, 4 orders: −$97.54
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.7
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from GRVT: live order book, 62 min ago; Bybit: live order book, 2 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, 62 min ago	3.13 bp	26.3 bp −$26	95.1 bp −$951	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.87 bp	33.0 bp −$33	239.7 bp −$2,397	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	80.068	−0.006%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.077	+0.006%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.085	+0.016%	$9.0M	$33.1M	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	80.140	+0.084%	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	80.070	−0.003%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.020	−0.066%	$2.2M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.110	+0.047%	$1.7M	$3.5M	20x	as long as short
GRVT AXTI_USDT_Perplong	0.0000%	8h	80.073	long leg	$637	$198K	10x
SunX AXTI-USDT	0.0000%	8h	80.060	−0.016%	$690	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.110	+0.047%	$19K	$36K	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	+0.0010%	1h	80.130	+0.072%	$1.1M	$2.8M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.110	+0.047%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.110	+0.047%	$623K	$341K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.070	−0.003%	—	—	10x	as long as short