Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bybit against Lighter+0.150%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.150% dearer against Lighter than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AXTI	79.780	0.0032	pay 0.0004% / 1h	30m 54s	—	—	10x
Short	Bybit AXTIUSDT	79.900	0	get 0.0000% / 8h	3h 30m	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$6.72
Price spread: +0.150% → 0.000%: $15.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.68
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	3.13 bp	29.6 bp −$30	306.7 bp −$3,067	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	79.785	+0.006%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	79.899	+0.149%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	79.905	+0.157%	$9.0M	$33.0M	20x	as long as short
Bybit AXTIUSDTshort	0.0000%	8h	79.900	+0.150%	$1.9M	$1.3M	25x
OKX AXTI-USDT-SWAP	0.0000%	8h	79.860	+0.100%	$2.7M	$10.1M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	79.880	+0.125%	$2.2M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	79.920	+0.175%	$1.7M	$3.4M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	79.989	+0.262%	$639	$193K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	80.180	+0.501%	$915	$1.1M	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	79.850	+0.088%	$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
QFEX AXTI-USD	+0.0011%	1h	79.860	+0.100%	$1.1M	$2.7M	10x	as long as short
Lighter AXTIlong	+0.0032%	1h	79.780	long leg	—	—	10x
KuCoin AXTIUSDTM	+0.0100%	8h	79.870	+0.113%	$621K	$326K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	79.872	+0.115%	—	—	10x	as long as short