Funding arb · Price arb /

AXL

all AXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.019%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$761as in the Funding arb table

Net, price: spread back to 7d avg − costs−$833as in the Price arb table

costs, in and out, $10k−$8448.437% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.830%+$83 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.019%, 7d avg −0.086%

Together, before fees+0.675%+$67 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.105% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXLUSDTM	0.05247	0.0100	pay 0.0050% / 4h	2h 49m	$445K	$95K	30x
Short	Bitget AXLUSDT	0.05248	0.0100	get 0.0050% / 4h	2h 49m	$569K	$300K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.086%: $10.48
Slippage, 4 orders: −$819.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$833.17
Costs to cover: 8.437%
Break-even: never at this rate

Slippage from KuCoin: live order book, 63 min ago; Bitget: live order book, 16 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 KuCoin live order book, 63 min ago	11.45 bp	314.8 bp −$315	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 16 min ago	6.60 bp	35.5 bp −$36	207.4 bp −$2,074	doesn't fit	doesn't fit

AXL on 9 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
BingX AXL-USDT	+0.0070%	4h	0.05248	+0.019%	—	$2.3M	—	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05252	+0.098%	$34K	$6K	5x	as long as short
Binance AXLUSDT	+0.0100%	4h	0.05249	+0.038%	$1.9M	$4.0M	50x	as long as short
Bybit AXLUSDT	+0.0100%	4h	0.05250	+0.057%	$1.5M	$1.9M	25x	as long as short
MEXC AXL_USDT	+0.0100%	4h	0.05250	+0.057%	$331K	$161K	50x	as long as short
KuCoin AXLUSDTMlong	+0.0100%	4h	0.05247	long leg	$445K	$95K	30x
Bitget AXLUSDTshort	+0.0100%	4h	0.05248	+0.019%	$569K	$300K	50x
Variational Omni AXL	+0.0100%	4h	0.05240	−0.139%	$6K	$23K	—	as long as short
BloFin AXL-USDT	+0.0139%	4h	0.05246	−0.019%	$124K	$11K	50x	as long as short