Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against Binance+0.053%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.053%, 7d avg +0.012%

Together, before fees−0.003%$0 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: BingX is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXSUSDT	1.0781	0.0100	pay 0.0050% / 4h	7m 43s	$6.1M	$9.6M	75x
Short	BingX AXS-USDT	1.0787	0.0100	get 0.0050% / 4h	7m 43s	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.012%: $4.07
Slippage, 4 orders: −$42.66
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$58.59
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; BingX: live order book, 12 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 Binance live order book, 2 min ago	1.39 bp	15.2 bp −$15	42.6 bp −$426	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.63 bp	16.5 bp −$16	43.4 bp −$434	320.5 bp −$32.1K	454.8 bp −$227.4K

AXS on 20 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
Kraken Futures PF_AXSUSD	−0.0239%	1h	1.0796	+0.140%	$141K	$315K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.568%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0080%	4h	1.0790	+0.081%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0806	+0.229%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0787	+0.053%	$266K	$297K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0786	+0.041%	$74K	$12K	10x	as long as short
Binance AXSUSDTlong	+0.0100%	4h	1.0781	long leg	$6.1M	$9.6M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0796	+0.136%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0779	−0.021%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0790	+0.081%	$971K	$1.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0782	+0.007%	$11.5M	$751K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0790	+0.081%	$612K	$304K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0780	−0.012%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDTshort	+0.0100%	4h	1.0787	+0.053%	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0789	+0.076%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0780	−0.011%	$770K	$893K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0793	+0.109%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0785	+0.034%	$713	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0784	+0.022%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0145%	4h	1.0788	+0.062%	$274K	$17K	75x	as long as short