Black axe

Black Axe is a free-to-play item on the OSRS Grand Exchange in the weapons category.

In-game examine text: "A sinister looking axe."

It has a Grand Exchange buy limit of 40 every four hours, a high alchemy value of 230 gp, and item ID 1361.

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Black Axe currently has a flip margin of −4 gp, which isn't profitable to flip right now despite 1,948 trades over the last 24 hours.

Items with negative or zero margins like this are better watched than actively flipped until the spread widens.