Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.017%

Price spread now: GRVT against QFEX+0.084%57s7-day average +0.012% · 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−$740.737% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.584%+$58 · spread now +0.084%, 7d avg +0.012%

Together, before fees+0.632%+ Points / potential airdropGRVT: Active · farm board+$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.072% dearer against QFEX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.012%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. 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	QFEX AXTI-USD	81.600	0.0024	pay 0.0003% / 1h	12m 23s	$1.1M	$2.4M	10x
Short	GRVT AXTI_USDT_Perp	81.669	0	get 0.0000% / 8h	5h 12m	$868	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$4.94
Price spread: +0.084% → +0.012%: $7.17
Slippage, 4 orders: −$54.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$71.48
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; GRVT: live order book, 50 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	2.45 bp	8.4 bp −$8	18.4 bp −$184	doesn't fit	doesn't fit
Sell GRVT live order book, 50 min ago	3.70 bp	30.4 bp −$30	doesn't fit	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	81.594	−0.007%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	81.615	+0.018%	$7K	$208K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	81.637	+0.046%	$9.1M	$32.9M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.670	+0.086%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.630	+0.037%	$2.8M	$9.9M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.620	+0.025%	$2.3M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.670	+0.086%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perpshort	0.0000%	8h	81.669	+0.084%	$868	$173K	10x
SunX AXTI-USDT	0.0000%	8h	81.640	+0.049%	$878	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.620	+0.025%	$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-USDlong	+0.0024%	1h	81.600	long leg	$1.1M	$2.4M	10x
Lighter AXTI	+0.0032%	1h	81.580	−0.025%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	81.560	−0.049%	$640K	$398K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.611	+0.013%	—	—	10x	as long as short