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 +0.026%

Price spread now: GRVT against SunX−0.038%46s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as 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−$1941.939% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.038%, 7d avg +0.008%

Together, before fees+0.031%+ Points / potential airdropGRVT: Active · farm board+$3 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: GRVT is 0.047% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 46 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	81.730	0	get 0.0000% / 8h	4h 43m	$803	$1.0M	10x
Short	GRVT AXTI_USDT_Perp	81.699	0	get 0.0000% / 8h	4h 43m	$549	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.008%: −$4.69
Slippage, 4 orders: −$176.95
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$198.64
Costs to cover: 1.939%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; GRVT: live order book, 13 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, 9 min ago	48.26 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 13 min ago	4.28 bp	51.8 bp −$52	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	81.840	+0.135%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	81.799	+0.084%	$8K	$208K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	81.840	+0.135%	$9.1M	$32.8M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.790	+0.073%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.810	+0.098%	$2.8M	$9.9M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.790	+0.073%	$2.3M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.800	+0.086%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perpshort	0.0000%	8h	81.699	−0.038%	$549	$177K	10x
SunX AXTI-USDTlong	0.0000%	8h	81.730	long leg	$803	$1.0M	10x
HTX AXTI-USDT	0.0000%	8h	81.690	−0.049%	$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
Lighter AXTI	+0.0032%	1h	81.780	+0.061%	—	—	10x	as long as short
QFEX AXTI-USD	+0.0035%	1h	81.770	+0.049%	$1.1M	$2.3M	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	81.770	+0.049%	$641K	$427K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.720	−0.013%	—	—	10x	as long as short