Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bybit against Lighter+0.114%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.114% dearer against Lighter than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AXTI	78.840	0.0032	pay 0.0004% / 1h	29m 29s	—	—	10x
Short	Bybit AXTIUSDT	78.930	0	get 0.0000% / 8h	5h 29m	$1.9M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$6.72
Price spread: +0.114% → 0.000%: $11.42
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.3
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 10 min ago. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell Bybit live order book, 10 min ago	1.90 bp	27.0 bp −$27	159.1 bp −$1,591	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AXTI on 14 exchanges

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
Bitget AXTIUSDT	−0.0402%	8h	79.010	+0.216%	$1.2M	$4.0M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.890	+0.064%	$7K	$124K	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	78.930	+0.114%	$1.9M	$1.6M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	78.910	+0.089%	$2.7M	$13.0M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.940	+0.127%	$1.7M	$6.6M	50x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.770	−0.089%	$1K	$783K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.760	−0.101%	$19K	$33K	20x	as long as short
Lighter AXTIlong	+0.0032%	1h	78.840	long leg	—	—	10x
Extended AXTI-USD	+0.0040%	1h	78.927	+0.111%	$7K	$290K	10x	as long as short
Binance AXTIUSDT	+0.0042%	8h	78.964	+0.157%	$8.5M	$38.0M	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AXTI-USD	+0.0058%	1h	79.000	+0.203%	$1.1M	$2.0M	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.880	+0.051%	$595K	$685K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.902	+0.078%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0650%	8h	78.857	+0.021%	$487	$233K	10x	as long as short