Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.007%

Price spread now: QFEX against GRVT+0.049%57s7-day average −0.011% · 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−$750.749% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−1.342%−$134 · spread now +0.049%, 7d avg −0.011%

Together, before fees−1.380%+ Points / potential airdropGRVT: Active · farm board−$138 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.060% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 57 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	81.090	0	get 0.0000% / 8h	6h 00m	$107	$171K	10x
Short	QFEX AXTI-USD	81.130	0.0015	get 0.0002% / 1h	0m 08s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $3.23
Price spread: +0.049% → −0.011%: $6.03
Slippage, 4 orders: −$55.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$65.67
Costs to cover: 0.749%
Break-even: 149.5 days

Slippage from GRVT: live order book, 2 min ago; QFEX: 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, 2 min ago	3.70 bp	25.8 bp −$26	38.5 bp −$385	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.85 bp	8.1 bp −$8	17.0 bp −$170	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	81.052	−0.047%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.050	−0.049%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	80.980	−0.136%	$2.7M	$9.8M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.010	−0.099%	$2.3M	$5.1M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.070	−0.025%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perplong	0.0000%	8h	81.090	long leg	$107	$171K	10x
SunX AXTI-USDT	0.0000%	8h	81.120	+0.037%	$915	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.010	−0.099%	$20K	$40K	20x	as long as short
QFEX AXTI-USDshort	+0.0015%	1h	81.130	+0.049%	$1.1M	$2.7M	10x
Binance AXTIUSDT	+0.0029%	8h	81.061	−0.036%	$9.0M	$33.0M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AXTI	+0.0032%	1h	81.040	−0.062%	—	—	10x	as long as short
Extended AXTI-USD	+0.0032%	1h	81.044	−0.057%	$7K	$206K	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	81.050	−0.049%	$636K	$382K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.046	−0.054%	—	—	10x	as long as short