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% APRpaid last 24h 0.000%

Price spread now: SoDEX against Binance+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXSUSDT	1.0843	0.0100	pay 0.0050% / 4h	48m 07s	$6.1M	$9.6M	75x
Short	SoDEX AXS-USD	1.0845	0.0100	get 0.0013% / 1h	48m 07s	$711	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → 0.000%: $1.84
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 6 min ago	0.92 bp	16.5 bp −$16	43.0 bp −$430	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0238%	1h	1.0855	+0.108%	$141K	$311K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−1.134%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0076%	4h	1.0840	−0.028%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0093%	4h	1.0856	+0.120%	$275K	$17K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0866	+0.212%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0850	+0.065%	$266K	$297K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0840	−0.024%	$75K	$11K	10x	as long as short
Binance AXSUSDTlong	+0.0100%	4h	1.0843	long leg	$6.1M	$9.6M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0850	+0.065%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0848	+0.046%	$1.4M	$2.9M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0853	+0.092%	$977K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0839	−0.037%	$11.5M	$745K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0840	−0.028%	$615K	$306K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0840	−0.028%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0849	+0.055%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0881	+0.352%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0860	+0.156%	$775K	$879K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0847	+0.037%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0845	+0.018%	$711	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0841	−0.020%	$7K	$156K	10x	as long as short