Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.4% APRpaid last 24h −0.022%

Price spread now: QFEX against KuCoin−0.025%7-day average +0.045% · 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−$446as in the Price arb table

costs, in and out, $10k−$4394.393% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.025%, 7d avg +0.045%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXTIUSDTM	81.220	0.0100	pay 0.0100% / 8h	5h 50m	$637K	$381K	20x
Short	QFEX AXTI-USD	81.200	0.0024	get 0.0003% / 1h	50m 44s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$16.06
Price spread: −0.025% → +0.045%: −$6.98
Slippage, 4 orders: −$417.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$462.33
Costs to cover: 4.393%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; QFEX: 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 KuCoin live order book, 48 min ago	16.12 bp	216.9 bp −$217	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.85 bp	9.8 bp −$10	23.0 bp −$230	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	81.232	+0.015%	$8K	$124K	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.240	+0.025%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.240	+0.025%	$2.8M	$9.9M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.220	0.000%	$2.3M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.240	+0.025%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	81.181	−0.049%	$858	$171K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	81.240	+0.025%	$959	$1.0M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	81.220	0.000%	$20K	$40K	20x	as long as short
Binance AXTIUSDT	+0.0023%	8h	81.228	+0.010%	$9.0M	$33.1M	20x	as long as short
QFEX AXTI-USDshort	+0.0024%	1h	81.200	−0.025%	$1.1M	$2.7M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AXTI-USD	+0.0024%	1h	81.206	−0.018%	$9K	$207K	10x	as long as short
Lighter AXTI	+0.0032%	1h	81.230	+0.012%	—	—	10x	as long as short
KuCoin AXTIUSDTMlong	+0.0100%	8h	81.220	long leg	$637K	$381K	20x
Aevo AXTI-PERP	+0.0104%	1h	81.235	+0.018%	—	—	10x	as long as short