Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.023%

Price spread now: QFEX against KuCoin+0.194%7-day average +0.042% · 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−$151as in the Price arb table

costs, in and out, $10k−$1661.664% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.194%, 7d avg +0.042%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.152% dearer against KuCoin than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.042%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXTIUSDTM	77.180	0.0100	pay 0.0100% / 8h	7h 19m	$584K	$573K	20x
Short	QFEX AXTI-USD	77.330	0.0005	get 0.0001% / 1h	19m 42s	$1.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.194%Rate

Funding earned: −$20.01
Price spread: +0.194% → +0.042%: $15.24
Slippage, 4 orders: −$144.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$171.16
Costs to cover: 1.664%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	22.77 bp	81.6 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	4.53 bp	11.1 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	−0.1391%	8h	77.390	+0.272%	$1.1M	$3.9M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	77.078	−0.132%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	77.296	+0.150%	$11K	$292K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	77.326	+0.189%	$8.0M	$37.4M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	77.300	+0.155%	$1.8M	$1.5M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	77.370	+0.246%	$2.6M	$11.8M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	77.370	+0.246%	$1.6M	$6.5M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	76.935	−0.317%	$645	$210K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	76.630	−0.713%	$993	$869K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	77.310	+0.168%	$19K	$33K	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	+0.0005%	1h	77.330	+0.194%	$1.1M	$1.9M	10x
Lighter AXTI	+0.0032%	1h	77.250	+0.091%	—	—	10x	as long as short
KuCoin AXTIUSDTMlong	+0.0100%	8h	77.180	long leg	$584K	$573K	20x
Aevo AXTI-PERP	+0.0104%	1h	77.302	+0.158%	—	—	10x	as long as short