Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Lighter against QFEX−0.124%52s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Lighter

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

Funding pays, the price is against you. Lighter is 0.124% cheaper against QFEX than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 52 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	QFEX AXTI-USD	80.670	0.0005	pay 0.0001% / 1h	42m 39s	$1.1M	$2.1M	10x
Short	Lighter AXTI	80.570	0.0032	get 0.0004% / 1h	42m 39s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.124%Rate

Funding earned: $5.73
Price spread: −0.124% → 0.000%: −$12.4
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.67
Costs to cover: 0.100%
Break-even: 27.4 days

Slippage unknown: QFEX: live order book, 9 min ago; Lighter: no order-book sample. 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 QFEX live order book, 9 min ago	1.24 bp	7.8 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	80.637	−0.041%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	80.592	−0.096%	$7K	$207K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	80.651	−0.023%	$8.6M	$32.1M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	80.600	−0.087%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	80.640	−0.037%	$2.8M	$10.0M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	80.620	−0.062%	$2.2M	$5.0M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	80.640	−0.037%	$1.7M	$3.2M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	80.630	−0.050%	$561	$185K	10x	as long as short
SunX AXTI-USDT	0.0000%	8h	80.640	−0.037%	$1K	$990K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	80.640	−0.037%	$20K	$40K	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-USDlong	+0.0005%	1h	80.670	long leg	$1.1M	$2.1M	10x
Lighter AXTIshort	+0.0032%	1h	80.570	−0.124%	—	—	10x
KuCoin AXTIUSDTM	+0.0100%	8h	80.620	−0.062%	$632K	$482K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	80.625	−0.055%	—	—	10x	as long as short