Funding arb · Price arb /

AXTI

RWAall AXTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.008%

Price spread now: SunX against QFEX−0.037%7-day average +0.020% · 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−$157as in the Price arb table

costs, in and out, $10k−$1511.512% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.037%, 7d avg +0.020%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.057% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AXTI-USD	81.280	0.0048	pay 0.0006% / 1h	35m 53s	$1.1M	$2.9M	10x
Short	SunX AXTI-USDT	81.250	0	get 0.0000% / 8h	35m 53s	$964	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$10.01
Price spread: −0.037% → +0.020%: −$5.72
Slippage, 4 orders: −$133.2
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.93
Costs to cover: 1.512%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; SunX: live order book, 7 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, 7 min ago	1.85 bp	10.5 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	47.50 bp	65.7 bp −$66	doesn't fit	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	81.148	−0.162%	$8K	$124K	20x	as long as short
Extended AXTI-USD	0.0000%	1h	81.232	−0.060%	$7K	$202K	10x	as long as short
Binance AXTIUSDT	0.0000%	8h	81.243	−0.046%	$9.2M	$33.2M	20x	as long as short
Bybit AXTIUSDT	0.0000%	8h	81.200	−0.098%	$1.9M	$1.3M	25x	as long as short
OKX AXTI-USDT-SWAP	0.0000%	8h	81.230	−0.062%	$2.7M	$10.4M	20x	as long as short
Gate AXTI_USDT	0.0000%	8h	81.160	−0.148%	$2.3M	$5.3M	50x	as long as short
Bitget AXTIUSDT	0.0000%	8h	81.210	−0.086%	$1.7M	$3.4M	20x	as long as short
GRVT AXTI_USDT_Perp	0.0000%	8h	81.010	−0.332%	$550	$184K	10x	as long as short
SunX AXTI-USDTshort	0.0000%	8h	81.250	−0.037%	$964	$1.1M	10x
HTX AXTI-USDT	0.0000%	8h	81.240	−0.049%	$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
Lighter AXTI	+0.0032%	1h	81.200	−0.098%	—	—	10x	as long as short
QFEX AXTI-USDlong	+0.0048%	1h	81.280	long leg	$1.1M	$2.9M	10x
KuCoin AXTIUSDTM	+0.0100%	8h	81.140	−0.172%	$639K	$356K	20x	as long as short
Aevo AXTI-PERP	+0.0104%	1h	81.242	−0.047%	—	—	10x	as long as short