Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Gate against Extended−0.111%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.111%, 7d avg −0.008%

Together, before fees+0.188%+ Points / potential airdropExtended: Active · farm board+$19 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: Gate is 0.103% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AXTI-USD	81.000	0	get 0.0000% / 1h	46m 19s	$7K	$202K	10x
Short	Gate AXTI_USDT	80.910	0	get 0.0000% / 8h	46m 19s	$2.3M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → −0.008%: −$10.27
Slippage, 4 orders: −$75.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$105.98
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; Gate: live order book, 2 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 Extended live order book, 30 min ago	3.49 bp	19.0 bp −$19	131.9 bp −$1,319	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.56 bp	28.0 bp −$28	62.7 bp −$627	108.8 bp −$10.9K	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
Aster AXTIUSDT	0.0000%	8h	80.819	−0.223%	$8K	$124K	20x	as long as short
Extended AXTI-USDlong	0.0000%	1h	81.000	long leg	$7K	$202K	10x
Binance AXTIUSDT	0.0000%	8h	81.000	0.000%	$9.1M	$33.2M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.000	0.000%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	80.990	−0.012%	$2.7M	$10.4M	20x	as long as short
Gate AXTI_USDTshort	0.0000%	8h	80.910	−0.111%	$2.3M	$5.3M	50x
Bitget AXTIUSDT	0.0000%	8h	81.010	+0.012%	$1.7M	$3.4M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.890	−0.136%	$81	$186K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	81.030	+0.037%	$976	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.970	−0.037%	$19K	$36K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AXTI	+0.0032%	1h	80.870	−0.160%	—	—	10x	as long as short
QFEX AXTI-USD	+0.0048%	1h	81.010	+0.012%	$1.1M	$2.9M	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	80.880	−0.148%	$628K	$354K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.949	−0.063%	—	—	10x	as long as short