Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.006%

Price spread now: QFEX against SunX−0.051%7-day average −0.013% · 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−$161as in the Price arb table

costs, in and out, $10k−$1571.574% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.051%, 7d avg −0.013%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.039% cheaper against SunX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.016% in total) that is about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXTI-USDT	77.930	0	get 0.0000% / 8h	4h 48m	$1K	$775K	10x
Short	QFEX AXTI-USD	77.890	0.0062	get 0.0008% / 1h	48m 10s	$1.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $13
Price spread: −0.051% → −0.013%: −$3.88
Slippage, 4 orders: −$139.35
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$148.23
Costs to cover: 1.574%
Break-even: 86.8 days

Slippage from SunX: live order book, 47 min ago; QFEX: 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 SunX live order book, 47 min ago	47.54 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	4.50 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit

AXTI on 14 exchanges

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
Bitget AXTIUSDT	−0.0043%	8h	77.900	−0.038%	$1.1M	$4.1M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	77.837	−0.120%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	77.844	−0.111%	$10K	$291K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	77.850	−0.103%	$8.4M	$38.3M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	77.780	−0.192%	$1.8M	$1.6M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	77.750	−0.231%	$2.6M	$13.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	77.870	−0.077%	$1.7M	$6.6M	50x	as long as short
SunX AXTI-USDTlong	0.0000%	8h	77.930	long leg	$1K	$775K	10x
HTX AXTI-USDT	0.0000%	8h	77.830	−0.128%	$19K	$33K	20x	as long as short
Lighter AXTI	+0.0032%	1h	77.800	−0.167%	—	—	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AXTI-USDshort	+0.0062%	1h	77.890	−0.051%	$1.1M	$1.9M	10x
KuCoin AXTIUSDTM	+0.0100%	8h	77.860	−0.090%	$586K	$734K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	77.891	−0.050%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0140%	8h	78.310	+0.488%	$1K	$239K	10x	as long as short