Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: Extended against KuCoin−0.012%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$493as in the Funding arb table

Net, price: spread back to 7d avg − costs−$485as in the Price arb table

costs, in and out, $10k−$4834.827% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.012%, 7d avg +0.009%

Together, before fees−0.267%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXTIUSDTM	81.150	0.0100	pay 0.0100% / 8h	12m 52s	$640K	$360K	20x
Short	Extended AXTI-USD	81.140	0	get 0.0000% / 1h	12m 52s	$7K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$21
Price spread: −0.012% → +0.009%: −$2.13
Slippage, 4 orders: −$465.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$505.78
Costs to cover: 4.827%
Break-even: never at this rate

Slippage from KuCoin: live order book, 50 min ago; Extended: live order book, 64 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 KuCoin live order book, 50 min ago	15.51 bp	219.3 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	3.49 bp	20.2 bp −$20	239.3 bp −$2,393	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
Aster AXTIUSDT	0.0000%	8h	81.093	−0.071%	$8K	$124K	20x	as long as short
Extended AXTI-USDshort	0.0000%	1h	81.140	−0.012%	$7K	$202K	10x
Binance AXTIUSDT	0.0000%	8h	81.165	+0.018%	$9.1M	$33.3M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.170	+0.025%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.190	+0.049%	$2.7M	$10.5M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.130	−0.025%	$2.3M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.210	+0.074%	$1.7M	$3.4M	20x	as long as short
SunX AXTI-USDT	0.0000%	8h	81.220	+0.086%	$1K	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.130	−0.025%	$19K	$38K	20x	as long as short
Lighter AXTI	+0.0032%	1h	81.210	+0.074%	—	—	10x	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	+0.0048%	1h	81.130	−0.025%	$1.1M	$2.9M	10x	as long as short
KuCoin AXTIUSDTMlong	+0.0100%	8h	81.150	long leg	$640K	$360K	20x
Aevo AXTI-PERP	+0.0104%	1h	81.171	+0.026%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0110%	8h	81.230	+0.099%	$529	$184K	10x	as long as short