Funding arb · Price arb /

AXTI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.006%

Price spread now: QFEX against Aster−0.015%7-day average +0.019% · 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−$176as in the Price arb table

costs, in and out, $10k−$1731.727% of the position

Long on Aster Short on QFEX

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 4 days (all we have)+0.182%+$18 · spread now −0.015%, 7d avg +0.019%

Together, before fees+0.197%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.034% cheaper against Aster than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.015% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AXTIUSDT	79.062	0	get 0.0000% / 8h	5h 47m	$7K	$124K	20x
Short	QFEX AXTI-USD	79.050	0.0058	get 0.0007% / 1h	47m 31s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee QFEXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $12.1
Price spread: −0.015% → +0.019%: −$3.38
Slippage, 4 orders: −$154.68
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$163.96
Costs to cover: 1.727%
Break-even: 101.9 days

Slippage from Aster: live order book, 61 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 Aster live order book, 61 min ago	53.98 bp	82.3 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.53 bp	9.7 bp −$10	doesn't fit	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	−0.0539%	8h	78.960	−0.129%	$1.2M	$4.0M	20x	as long as short
Aster AXTIUSDTlong	0.0000%	8h	79.062	long leg	$7K	$124K	20x
Bybit AXTIUSDT	0.0000%	8h	79.130	+0.086%	$1.9M	$1.6M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	79.080	+0.023%	$2.7M	$12.8M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	79.010	−0.065%	$1.7M	$6.5M	50x	as long as short
SunX AXTI-USDT	0.0000%	8h	79.170	+0.137%	$916	$792K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	79.200	+0.175%	$20K	$33K	20x	as long as short
Lighter AXTI	+0.0032%	1h	78.970	−0.116%	—	—	10x	as long as short
QFEX AXTI-USDshort	+0.0058%	1h	79.050	−0.015%	$1.1M	$2.0M	10x
Binance AXTIUSDT	+0.0063%	8h	79.098	+0.045%	$8.4M	$37.8M	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AXTI-USD	+0.0064%	1h	78.998	−0.081%	$7K	$291K	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	79.060	−0.002%	$597K	$665K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	79.196	+0.170%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0980%	8h	78.940	−0.154%	$732	$227K	10x	as long as short