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: OKX against QFEX−0.191%7-day average +0.003% · 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−$65as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.191%, 7d avg +0.003%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.194% cheaper against QFEX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AXTI-USD	78.510	0.0062	pay 0.0008% / 1h	55m 21s	$1.1M	$1.9M	10x
Short	OKX AXTI-USDT-SWAP	78.360	0	get 0.0000% / 8h	4h 55m	$2.7M	$13.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$13
Price spread: −0.191% → +0.003%: −$19.41
Slippage, 4 orders: −$25.26
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.67
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	5.72 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.28 bp	12.6 bp −$13	31.5 bp −$315	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	−0.0092%	8h	78.470	−0.051%	$1.1M	$4.1M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.498	−0.015%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.412	−0.125%	$11K	$291K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	78.428	−0.105%	$8.5M	$38.2M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	78.430	−0.102%	$1.8M	$1.6M	25x	as long as short
OKX AXTI-USDT-SWAPshort	0.0000%	8h	78.360	−0.191%	$2.7M	$13.2M	20x
Gate AXTI_USDT	0.0000%	8h	78.410	−0.127%	$1.7M	$6.5M	50x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.600	+0.115%	$1K	$775K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.460	−0.064%	$19K	$33K	20x	as long as short
Lighter AXTI	+0.0032%	1h	78.360	−0.191%	—	—	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-USDlong	+0.0062%	1h	78.510	long leg	$1.1M	$1.9M	10x
KuCoin AXTIUSDTM	+0.0100%	8h	78.510	0.000%	$591K	$726K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.456	−0.069%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0254%	8h	78.591	+0.103%	$65	$239K	10x	as long as short