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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: Extended against BingX−0.076%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$890.895% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.076%, 7d avg −0.047%
Together, before fees+0.045%+ Points / potential airdropExtended: Active · farm board+$4 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: Extended is 0.029% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AXS-USDT1.06200.0100pay 0.0050% / 4h2h 37m$2.6M
ShortExtended AXS-USD1.06120.0104get 0.0013% / 1h37m 53s$7K$156K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
$0.84
Price spread: −0.076% → −0.047%
−$2.92
Slippage, 4 orders
−$74.48
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$91.56
Costs to cover
0.895%
Break-even
770.0 days
Slippage from BingX: live order book, 2 min ago; Extended: live order book, 47 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 BingX live order book, 2 min ago4.24 bp19.9 bp −$2040.8 bp −$408330.8 bp −$33.1K480.2 bp −$240.1K
Sell Extended live order book, 47 min ago1.88 bp23.5 bp −$23172.9 bp −$1,729doesn'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−0.0339%1h1.0620−0.004%$138K$324K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.942%$5$47K5.5xas long as short
BloFin AXS-USDT+0.0074%4h1.0606−0.132%$270K$30K75xas long as short
Orderly PERP_AXS_USDC+0.0078%4h1.0610−0.094%$3K10xas long as short
Lighter AXS+0.0096%1h1.0630+0.094%$28K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.06200.000%$261K$294K5xas long as short
Aster AXSUSDT+0.0100%4h1.0621+0.011%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0615−0.047%$5.9M$9.4M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0611−0.085%$3.2M$3.6M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0611−0.085%$1.4M$2.7M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AXS_USDT+0.0100%8h1.0618−0.019%$957K$1.0M50xas long as short
MEXC AXS_USDT+0.0100%4h1.0612−0.075%$11.1M$762K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0610−0.094%$572K$294K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0610−0.094%$3.1M$1.2M50xas long as short
BingX AXS-USDTlong+0.0100%4h1.0620long leg$2.6M
Variational Omni AXS+0.0100%8h1.0616−0.037%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0613−0.066%$757K$914K10xas long as short
SunX AXS-USDT+0.0100%4h1.0611−0.085%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0609−0.104%$710$3K5xas long as short
Extended AXS-USDshort+0.0104%1h1.0612−0.076%$7K$156K10x