Settings8H · net · $10k
Funding arb · Price arb /

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.083%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$800.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.083%, 7d avg +0.078%
Together, before fees+0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AXSUSDT1.07640.0100pay 0.0050% / 4h3h 46m$6.1M$9.7M75x
ShortHyperliquid AXS1.07730.0100get 0.0013% / 1h46m 54s$269K$303K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.083% → +0.078%
$0.49
Slippage, 4 orders
−$61.23
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$79.74
Costs to cover
0.802%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago0.93 bp15.7 bp −$1642.6 bp −$426doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago2.32 bp23.5 bp −$23doesn't fitdoesn't fitdoesn't fit

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0261%1h1.0780+0.148%$143K$321K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720−0.409%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0080%4h1.0760−0.037%$3K10xas long as short
Lighter AXS+0.0096%1h1.0793+0.269%$29K$36K5xas long as short
Hyperliquid AXSshort+0.0100%1h1.0773+0.083%$269K$303K5x
Aster AXSUSDT+0.0100%4h1.0771+0.068%$74K$12K10xas long as short
Binance AXSUSDTlong+0.0100%4h1.0764long leg$6.1M$9.7M75x
Bybit AXSUSDT+0.0100%8h1.0774+0.093%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.07640.000%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0770+0.056%$970K$903K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0763−0.009%$11.4M$742K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0770+0.056%$612K$306K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0770+0.056%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0770+0.056%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0763−0.006%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0760−0.041%$764K$888K10xas long as short
SunX AXS-USDT+0.0100%4h1.0771+0.065%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0766+0.018%$718$3K5xas long as short
BloFin AXS-USDT+0.0102%4h1.0762−0.019%$277K$18K75xas long as short
Extended AXS-USD+0.0104%1h1.0761−0.028%$10K$176K10xas long as short