Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit−0.064%53s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$680.678% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.064%, 7d avg −0.010%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.010%). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.002% in total) that is about 3 months. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXTIUSDT	78.340	0	get 0.0000% / 8h	51m 44s	$1.8M	$1.4M	25x
Short	QFEX AXTI-USD	78.290	0.0011	get 0.0001% / 1h	51m 44s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $2.23
Price spread: −0.064% → −0.010%: −$5.42
Slippage, 4 orders: −$46.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$70.94
Costs to cover: 0.678%
Break-even: 229.2 days

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	5.10 bp	21.5 bp −$22	177.8 bp −$1,778	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.56 bp	9.3 bp −$9	doesn't fit	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	−0.1906%	8h	78.440	+0.128%	$1.2M	$3.8M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.320	−0.026%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	78.254	−0.110%	$7K	$250K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	78.350	+0.013%	$8.2M	$35.2M	20x	as long as short
Bybit AXTIUSDTlong	0.0000%	8h	78.340	long leg	$1.8M	$1.4M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	78.300	−0.051%	$2.7M	$11.4M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	78.280	−0.077%	$1.6M	$6.1M	50x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	78.360	+0.026%	$719	$205K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.350	+0.013%	$945	$935K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.260	−0.102%	$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-USDshort	+0.0011%	1h	78.290	−0.064%	$1.1M	$1.8M	10x
Lighter AXTI	+0.0032%	1h	78.290	−0.064%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.270	−0.089%	$603K	$496K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.293	−0.060%	—	—	10x	as long as short