Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.056%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.056%, 7d avg +0.006%

Together, before fees−0.221%−$22 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: OKX is 0.050% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0660	0.0100	pay 0.0050% / 4h	1m 48s	$3.1M	$1.2M	50x
Short	OKX AXS-USDT-SWAP	1.0666	0.0100	get 0.0050% / 4h	1m 48s	$1.4M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.006%: $4.99
Slippage, 4 orders: −$74.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.65
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 5 min ago.

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 Bitget live order book, 1 min ago	4.69 bp	28.1 bp −$28	55.2 bp −$552	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.88 bp	18.8 bp −$19	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
Injective AXS/USDC PERP	+0.0033%	1h	1.0580	−0.750%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0670	+0.094%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0690	+0.281%	$36K	$43K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0671	+0.103%	$256K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0670	+0.091%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0665	+0.051%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0669	+0.084%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0666	+0.056%	$1.4M	$3.0M	20x
Gate AXS_USDT	+0.0100%	8h	1.0665	+0.047%	$843K	$536K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0666	+0.056%	$11.5M	$706K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0660	0.000%	$588K	$280K	50x	as long as short
Bitget AXSUSDTlong	+0.0100%	4h	1.0660	long leg	$3.1M	$1.2M	50x
Variational Omni AXS	+0.0100%	8h	1.0657	−0.028%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0653	−0.062%	$764K	$868K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0673	+0.122%	$2K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0666	+0.056%	$770	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0663	+0.028%	$8K	$248K	10x	as long as short
BloFin AXS-USDT	+0.0109%	4h	1.0666	+0.056%	$280K	$29K	75x	as long as short
BingX AXS-USDT	+0.0200%	4h	1.0663	+0.028%	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.0648%	1h	1.0678	+0.169%	$146K	$348K	20x	as long as short