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 +0.010%

Price spread now: Binance against OKX−0.003%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.003%, 7d avg +0.046%

Together, before fees+0.064%+$6 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: Binance is 0.049% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AXTI-USDT-SWAP	80.640	0	get 0.0000% / 8h	3h 44m	$2.8M	$10.0M	20x
Short	Binance AXTIUSDT	80.637	0	get 0.0000% / 8h	3h 44m	$8.6M	$32.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.046%: −$4.9
Slippage, 4 orders: −$29.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.87
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: 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 OKX live order book, 4 min ago	3.09 bp	11.3 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.85 bp	14.2 bp −$14	52.0 bp −$520	116.0 bp −$11.6K	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	80.655	+0.018%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.648	+0.010%	$7K	$207K	10x	as long as short
Binance AXTIUSDTshort	0.0000%	8h	80.637	−0.003%	$8.6M	$32.1M	20x
Bybit AXTIUSDT	0.0000%	8h	80.620	−0.025%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAPlong	0.0000%	8h	80.640	long leg	$2.8M	$10.0M	20x
Gate AXTI_USDT	0.0000%	8h	80.630	−0.012%	$2.2M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.660	+0.025%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.542	−0.121%	$82	$183K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	80.670	+0.037%	$942	$992K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.640	0.000%	$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
QFEX AXTI-USD	+0.0005%	1h	80.650	+0.012%	$1.1M	$2.1M	10x	as long as short
Lighter AXTI	+0.0032%	1h	80.570	−0.087%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.630	−0.012%	$632K	$481K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.644	+0.004%	—	—	10x	as long as short