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: Bybit against Binance+0.126%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.126%, 7d avg −0.038%

Together, before fees−0.205%−$20 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: Bybit is 0.163% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXTIUSDT	78.122	0	get 0.0000% / 8h	11m 19s	$8.3M	$35.5M	20x
Short	Bybit AXTIUSDT	78.220	0	get 0.0000% / 8h	11m 19s	$1.8M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → −0.038%: $16.35
Slippage, 4 orders: −$70.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.96
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 5 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 Binance live order book, 15 min ago	1.91 bp	18.6 bp −$19	56.5 bp −$565	154.0 bp −$15.4K	doesn't fit
Sell Bybit live order book, 5 min ago	5.12 bp	22.7 bp −$23	184.1 bp −$1,841	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	−0.1620%	8h	78.260	+0.177%	$1.1M	$3.9M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.309	+0.240%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.101	−0.026%	$6K	$292K	10x	as long as short
Binance AXTIUSDTlong	0.0000%	8h	78.122	long leg	$8.3M	$35.5M	20x
Bybit AXTIUSDTshort	0.0000%	8h	78.220	+0.126%	$1.8M	$1.4M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	78.090	−0.040%	$2.6M	$11.6M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.180	+0.075%	$1.6M	$6.3M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	78.303	+0.232%	$423	$207K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.120	−0.002%	$1K	$933K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.190	+0.088%	$19K	$44K	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	+0.0011%	1h	78.140	+0.024%	$1.1M	$1.9M	10x	as long as short
Lighter AXTI	+0.0032%	1h	78.310	+0.241%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.140	+0.024%	$601K	$519K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.237	+0.148%	—	—	10x	as long as short