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

AXS

all AXS markets
SwapBacktest
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 0.000%
Price spread now: KuCoin against Binance+0.094%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1931.928% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.094%, 7d avg +0.005%
Together, before fees−0.121%−$12 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: KuCoin is 0.089% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AXSUSDT1.06300.0100pay 0.0050% / 4h1h 29m$5.9M$9.2M75x
ShortKuCoin AXSUSDTM1.06400.0100get 0.0050% / 4h1h 29m$589K$297K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.094% → +0.005%
$8.92
Slippage, 4 orders
−$170.82
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$183.9
Costs to cover
1.928%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 43 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, 10 min ago1.88 bp14.5 bp −$1442.5 bp −$425doesn't fitdoesn't fit
Sell KuCoin live order book, 43 min ago9.42 bp88.9 bp −$89254.3 bp −$2,543doesn'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−0.0477%1h1.0628−0.019%$139K$305K20xas long as short
OKX AXS-USDT-SWAP+0.0031%4h1.0637+0.066%$1.4M$2.7M20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.847%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0068%4h1.0620−0.094%$3K10xas long as short
Lighter AXS+0.0096%1h1.0652+0.207%$28K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0631+0.009%$262K$296K5xas long as short
Aster AXSUSDT+0.0100%4h1.0636+0.055%$72K$11K10xas long as short
Binance AXSUSDTlong+0.0100%4h1.0630long leg$5.9M$9.2M75x
Bybit AXSUSDT+0.0100%8h1.0633+0.028%$3.2M$3.6M75xas long as short
Gate AXS_USDT+0.0100%8h1.0631+0.009%$957K$1.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0624−0.056%$11.1M$725K50xas long as short
KuCoin AXSUSDTMshort+0.0100%4h1.0640+0.094%$589K$297K50x
Bitget AXSUSDT+0.0100%4h1.06300.000%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0637+0.066%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0633+0.030%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0639+0.081%$759K$870K10xas long as short
SunX AXS-USDT+0.0100%4h1.0625−0.047%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0618−0.113%$674$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0628−0.019%$7K$156K10xas long as short
BloFin AXS-USDT+0.0118%4h1.0629−0.009%$271K$17K75xas long as short