Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Variational Omni against BingX−0.016%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AXS-USDT	1.0818	0.0100	pay 0.0050% / 4h	31m 45s	—	$2.6M	—
Short	Variational Omni AXS	1.0816	0.0100	get 0.0100% / 8h	31m 45s	$37K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.61
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Variational Omni: 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 BingX live order book, 3 min ago	4.16 bp	19.1 bp −$19	43.5 bp −$435	348.5 bp −$34.8K	480.9 bp −$240.4K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	1.0823	+0.043%	$141K	$312K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.906%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0078%	4h	1.0820	+0.018%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0835	+0.157%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0815	−0.028%	$267K	$300K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0819	+0.010%	$75K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0808	−0.092%	$6.1M	$9.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0823	+0.046%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0812	−0.055%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0818	0.000%	$974K	$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	1.0804	−0.129%	$11.5M	$749K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0800	−0.166%	$612K	$306K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0800	−0.166%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDTlong	+0.0100%	4h	1.0818	long leg	—	$2.6M	—
Variational Omni AXSshort	+0.0100%	8h	1.0816	−0.016%	$37K	$4K	—
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0800	−0.166%	$772K	$892K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0818	0.000%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0815	−0.028%	$712	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0806	−0.111%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0118%	4h	1.0816	−0.018%	$276K	$17K	75x	as long as short