Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.008%

Price spread now: Gate against QFEX−0.051%7-day average +0.006% · 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−$75as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.051%, 7d avg +0.006%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.057% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AXTI-USD	78.790	0.0017	pay 0.0002% / 1h	46m 24s	$1.1M	$2.0M	10x
Short	Gate AXTI_USDT	78.750	0	get 0.0000% / 8h	2h 46m	$2.0M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$3.48
Price spread: −0.051% → +0.006%: −$5.66
Slippage, 4 orders: −$44.43
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.57
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: 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 QFEX live order book, 6 min ago	1.26 bp	10.1 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.44 bp	24.9 bp −$25	47.5 bp −$475	91.7 bp −$9,170	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	−0.1489%	8h	78.820	+0.038%	$1.6M	$3.3M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.759	−0.039%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.737	−0.067%	$7K	$212K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	78.763	−0.034%	$8.4M	$33.3M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	78.780	−0.013%	$1.8M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	78.720	−0.089%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDTshort	0.0000%	8h	78.750	−0.051%	$2.0M	$5.3M	50x
GRVT AXTI_USDT_Perp	0.0000%	8h	79.069	+0.354%	$712	$192K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.870	+0.102%	$1K	$978K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.840	+0.063%	$19K	$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-USDlong	+0.0017%	1h	78.790	long leg	$1.1M	$2.0M	10x
Lighter AXTI	+0.0032%	1h	78.730	−0.076%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.750	−0.051%	$608K	$519K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.740	−0.063%	—	—	10x	as long as short