Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bybit against SunX−0.062%56s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2001.996% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.145%−$14 · spread now −0.062%, 7d avg −0.022%

Together, before fees−0.110%−$11 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 0.040% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 56 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	SunX AXTI-USDT	80.190	0	get 0.0000% / 8h	2h 25m	$699	$1.1M	10x
Short	Bybit AXTIUSDT	80.140	0	get 0.0000% / 8h	2h 25m	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.022%: −$3.99
Slippage, 4 orders: −$180.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$203.6
Costs to cover: 1.996%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bybit: live order book, 1 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 SunX live order book, 8 min ago	46.20 bp	64.6 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.87 bp	33.0 bp −$33	239.7 bp −$2,397	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	80.046	−0.180%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.082	−0.135%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.071	−0.148%	$9.0M	$33.1M	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	80.140	−0.062%	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	80.060	−0.162%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.020	−0.212%	$2.2M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.070	−0.150%	$1.7M	$3.5M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.073	−0.146%	$637	$198K	10x	as long as short
SunX AXTI-USDTlong	0.0000%	8h	80.190	long leg	$699	$1.1M	10x
HTX AXTI-USDT	0.0000%	8h	80.110	−0.100%	$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
QFEX AXTI-USD	+0.0010%	1h	80.060	−0.162%	$1.1M	$2.8M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.050	−0.175%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.120	−0.087%	$624K	$341K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.109	−0.101%	—	—	10x	as long as short