Funding you earn now, next payment 22:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.025%
Price spread now: Binance against QFEX−0.002%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$790.786% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 2 days (all we have)+0.071%+$7 · spread now −0.002%, 7d avg +0.035%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.037% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX AXTI-USD | 79.990 | 0.0010 | pay 0.0001% / 1h | 9m 31s | $1.1M | $2.8M | 10x |
| Short | Binance AXTIUSDT | 79.989 | 0 | get 0.0000% / 8h | 2h 09m | $9.0M | $33.1M | 20x |
QFEX AXTI-USD
Binance AXTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.2
- Price spread: −0.002% → +0.035%
- −$3.68
- Slippage, 4 orders
- −$58.6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.48
- Costs to cover
- 0.786%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Binance: 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 QFEX live order book, 3 min ago | 8.12 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 4.37 bp | 30.8 bp −$31 | 62.3 bp −$623 | 150.2 bp −$15.0K | 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 | 79.960 | −0.038% | $8K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 79.985 | −0.007% | $7K | $202K | 10x | as long as short |
| Binance AXTIUSDTshort | 0.0000% | 8h | 79.989 | −0.002% | $9.0M | $33.1M | 20x | |
| Bybit AXTIUSDT | 0.0000% | 8h | 80.000 | +0.013% | $1.9M | $1.3M | 25x | as long as short |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 80.060 | +0.088% | $2.7M | $10.3M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 79.960 | −0.038% | $2.2M | $5.3M | 50x | as long as short |
| Bitget AXTIUSDT | 0.0000% | 8h | 80.070 | +0.100% | $1.7M | $3.5M | 20x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 80.060 | +0.088% | $625 | $198K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 79.980 | −0.013% | $703 | $1.1M | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 80.000 | +0.013% | $18K | $36K | 20x | as long as short |
Aster AXTIUSDT
Extended AXTI-USD
Bybit AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
Bitget AXTIUSDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USDlong | +0.0010% | 1h | 79.990 | long leg | $1.1M | $2.8M | 10x | |
| Lighter AXTI | +0.0032% | 1h | 80.050 | +0.075% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTM | +0.0100% | 8h | 80.030 | +0.050% | $622K | $345K | 20x | as long as short |
| Aevo AXTI-PERP | +0.0104% | 1h | 80.007 | +0.022% | — | — | 10x | as long as short |
Lighter AXTI
KuCoin AXTIUSDTM
Aevo AXTI-PERP