Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.007%

Price spread now: OKX against QFEX−0.154%7-day average +0.003% · 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−$66as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days+0.208%+$21 · spread now −0.154%, 7d avg +0.003%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.157% cheaper against QFEX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AXTI-USD	77.990	0.0016	pay 0.0002% / 1h	55m 20s	$1.1M	$1.9M	10x
Short	OKX AXTI-USDT-SWAP	77.870	0	get 0.0000% / 8h	6h 55m	$2.6M	$12.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$3.38
Price spread: −0.154% → +0.003%: −$15.74
Slippage, 4 orders: −$30.72
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.83
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 3 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 QFEX live order book, 2 min ago	3.20 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.92 bp	15.1 bp −$15	183.3 bp −$1,833	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
Bitget AXTIUSDT	−0.1178%	8h	77.930	−0.077%	$1.2M	$3.9M	20x	as long as short
Aster AXTIUSDT	0.0000%	8h	78.040	+0.064%	$7K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	77.907	−0.106%	$10K	$287K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	77.920	−0.090%	$8.2M	$37.9M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	77.930	−0.077%	$1.9M	$1.5M	25x	as long as short
OKX AXTI-USDT-SWAPshort	0.0000%	8h	77.870	−0.154%	$2.6M	$12.1M	20x
Gate AXTI_USDT	0.0000%	8h	77.920	−0.090%	$1.6M	$6.4M	50x	as long as short
SunX AXTI-USDT	0.0000%	8h	78.130	+0.180%	$1K	$844K	10x	as long as short
HTX AXTI-USDT	0.0000%	8h	78.110	+0.154%	$19K	$33K	20x	as long as short
QFEX AXTI-USDlong	+0.0016%	1h	77.990	long leg	$1.1M	$1.9M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AXTI	+0.0032%	1h	77.950	−0.051%	—	—	10x	as long as short
KuCoin AXTIUSDTM	+0.0100%	8h	78.000	+0.013%	$588K	$601K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	78.426	+0.559%	—	—	10x	as long as short
GRVT AXTI_USDT_Perp	+0.0848%	8h	78.090	+0.128%	$599	$216K	10x	as long as short