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 −0.002%

Price spread now: QFEX against Binance+0.076%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.076%, 7d avg −0.048%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.124% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXTIUSDT	78.760	0	get 0.0000% / 8h	2h 46m	$8.4M	$33.3M	20x
Short	QFEX AXTI-USD	78.820	0.0017	get 0.0002% / 1h	46m 52s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $3.48
Price spread: +0.076% → −0.048%: $12.4
Slippage, 4 orders: −$32.48
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.6
Costs to cover: 0.525%
Break-even: 80.7 days

Slippage from Binance: live order book, 10 min ago; QFEX: 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, 10 min ago	1.90 bp	13.9 bp −$14	44.3 bp −$443	129.5 bp −$13.0K	doesn't fit
Sell QFEX live order book, 5 min ago	1.26 bp	9.2 bp −$9	19.8 bp −$198	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	−0.1470%	8h	78.820	+0.076%	$1.6M	$3.3M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.769	+0.012%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.739	−0.027%	$7K	$212K	10x	as long as short
Binance AXTIUSDTlong	0.0000%	8h	78.760	long leg	$8.4M	$33.3M	20x
Bybit AXTIUSDT	0.0000%	8h	78.780	+0.025%	$1.8M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	78.760	0.000%	$2.7M	$10.3M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.760	0.000%	$2.0M	$5.3M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	79.069	+0.393%	$712	$192K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.870	+0.140%	$1K	$978K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.840	+0.102%	$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-USDshort	+0.0017%	1h	78.820	+0.076%	$1.1M	$2.0M	10x
Lighter AXTI	+0.0032%	1h	78.730	−0.038%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.760	0.000%	$608K	$519K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.740	−0.025%	—	—	10x	as long as short