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 0.000%

Price spread now: SunX against Binance+0.047%7-day average +0.011% · you sell dearer than you buy

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.047%, 7d avg +0.011%

Together, before fees+0.021%+$2 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: SunX is 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXSUSDT	1.0632	0.0100	pay 0.0050% / 4h	1h 10m	$5.9M	$9.2M	75x
Short	SunX AXS-USDT	1.0637	0.0100	get 0.0050% / 4h	1h 10m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.011%: $3.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; SunX: live order book, 3 min ago. 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, 14 min ago	1.41 bp	17.6 bp −$18	43.1 bp −$431	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0476%	1h	1.0641	+0.085%	$139K	$306K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.828%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0075%	4h	1.0630	−0.019%	$3K	—	10x	as long as short
OKX AXS-USDT-SWAP	+0.0082%	4h	1.0634	+0.019%	$1.4M	$2.7M	20x	as long as short
Lighter AXS	+0.0096%	1h	1.0659	+0.254%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0638	+0.060%	$262K	$297K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0640	+0.071%	$72K	$11K	10x	as long as short
Binance AXSUSDTlong	+0.0100%	4h	1.0632	long leg	$5.9M	$9.2M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0636	+0.038%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0633	+0.009%	$957K	$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	1.0630	−0.019%	$11.1M	$730K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0630	−0.019%	$588K	$297K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0630	−0.019%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0637	+0.047%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0629	−0.032%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0630	−0.022%	$755K	$875K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0637	+0.047%	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0631	−0.009%	$690	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0631	−0.005%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0115%	4h	1.0635	+0.028%	$272K	$17K	75x	as long as short