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 0.000%

Price spread now: Bybit against OKX−0.012%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$760.765% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.012%, 7d avg +0.008%

Together, before fees+0.006%+$1 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 0.020% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AXTI-USDT-SWAP	80.710	0	get 0.0000% / 8h	3h 51m	$2.8M	$10.0M	20x
Short	Bybit AXTIUSDT	80.700	0	get 0.0000% / 8h	3h 51m	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.008%: −$2
Slippage, 4 orders: −$55.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.49
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 5 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 OKX live order book, 2 min ago	4.32 bp	15.4 bp −$15	92.8 bp −$928	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.94 bp	17.3 bp −$17	145.3 bp −$1,453	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	80.789	+0.098%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.787	+0.095%	$7K	$207K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.710	0.000%	$8.6M	$32.2M	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	80.700	−0.012%	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAPlong	0.0000%	8h	80.710	long leg	$2.8M	$10.0M	20x
Gate AXTI_USDT	0.0000%	8h	80.770	+0.074%	$2.2M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.760	+0.062%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.905	+0.241%	$604	$184K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	80.970	+0.322%	$537	$999K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.530	−0.223%	$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	80.840	+0.161%	$1.1M	$2.2M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.760	+0.062%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.730	+0.025%	$633K	$476K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.786	+0.094%	—	—	10x	as long as short