Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit+0.064%7-day average −0.010% · 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−$51as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.064%, 7d avg −0.010%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXTIUSDT	78.040	0	get 0.0000% / 8h	9m 24s	$1.8M	$1.4M	25x
Short	QFEX AXTI-USD	78.090	0.0011	get 0.0001% / 1h	9m 24s	$1.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $2.23
Price spread: +0.064% → −0.010%: $7.37
Slippage, 4 orders: −$37.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$48.51
Costs to cover: 0.581%
Break-even: 159.0 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 3 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 Bybit live order book, 2 min ago	5.76 bp	18.3 bp −$18	219.5 bp −$2,195	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	3.84 bp	10.7 bp −$11	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
Bitget AXTIUSDT	−0.1617%	8h	78.190	+0.192%	$1.1M	$3.9M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.066	+0.033%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.013	−0.035%	$6K	$292K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	78.039	−0.001%	$8.2M	$35.6M	20x	as long as short
Bybit AXTIUSDTlong	0.0000%	8h	78.040	long leg	$1.8M	$1.4M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	78.090	+0.064%	$2.6M	$11.6M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.080	+0.051%	$1.6M	$6.3M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	78.158	+0.152%	$437	$208K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.120	+0.103%	$1K	$932K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.200	+0.205%	$19K	$44K	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-USDshort	+0.0011%	1h	78.090	+0.064%	$1.1M	$1.9M	10x
Lighter AXTI	+0.0032%	1h	78.000	−0.051%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.030	−0.013%	$600K	$521K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.120	+0.103%	—	—	10x	as long as short