Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h +0.007%

Price spread now: Bybit against QFEX−0.037%7-day average +0.019% · 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−$53as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.037%, 7d avg +0.019%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.056% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AXTI-USD	81.010	0.0048	pay 0.0006% / 1h	47m 37s	$1.1M	$2.9M	10x
Short	Bybit AXTIUSDT	80.980	0	get 0.0000% / 8h	47m 37s	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$10.01
Price spread: −0.037% → +0.019%: −$5.61
Slippage, 4 orders: −$26.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.97
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	2.47 bp	9.9 bp −$10	20.4 bp −$204	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.33 bp	16.4 bp −$16	198.3 bp −$1,983	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	80.859	−0.186%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.995	−0.018%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	81.009	−0.001%	$9.1M	$33.2M	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	80.980	−0.037%	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	81.050	+0.049%	$2.7M	$10.4M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.940	−0.086%	$2.3M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.020	+0.012%	$1.7M	$3.4M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.808	−0.250%	$81	$186K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	80.970	−0.049%	$1K	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.970	−0.049%	$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
Lighter AXTI	+0.0032%	1h	80.950	−0.074%	—	—	10x	as long as short
QFEX AXTI-USDlong	+0.0048%	1h	81.010	long leg	$1.1M	$2.9M	10x
KuCoin AXTIUSDTM	+0.0100%	8h	80.850	−0.198%	$637K	$353K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.959	−0.063%	—	—	10x	as long as short