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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.100%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$920.923% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.100%, 7d avg −0.072%
Together, before fees+0.082%+ Points / potential airdropExtended: Active · farm board+$8 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 0.028% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AXSUSDT1.06500.0100pay 0.0100% / 8h2h 21m$3.7M$4.3M75x
ShortExtended AXS-USD1.06390.0104get 0.0013% / 1h21m 35s$7K$223K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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: −0.100% → −0.072%
−$2.84
Slippage, 4 orders
−$76.31
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$94.31
Costs to cover
0.923%
Break-even
792.9 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 25 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 Bybit live order book, 1 min ago1.88 bp23.1 bp −$23102.5 bp −$1,025doesn't fitdoesn't fit
Sell Extended live order book, 25 min ago1.59 bp19.1 bp −$19151.1 bp −$1,511doesn'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
Injective AXS/USDC PERP+0.0033%1h1.0580−0.657%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0072%4h1.0588−0.582%$277K$30K75xas long as short
Lighter AXS+0.0096%1h1.0655+0.047%$36K$39K5xas long as short
Orderly PERP_AXS_USDC+0.0097%4h1.0630−0.188%$3K10xas long as short
Hyperliquid AXS+0.0100%1h1.0635−0.141%$420K$499K5xas long as short
Aster AXSUSDT+0.0100%4h1.0643−0.063%$72K$15K10xas long as short
Binance AXSUSDT+0.0100%4h1.0644−0.056%$6.0M$10.7M75xas long as short
Bybit AXSUSDTlong+0.0100%8h1.0650long leg$3.7M$4.3M75x
OKX AXS-USDT-SWAP+0.0100%4h1.0646−0.038%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0631−0.178%$842K$829K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0641−0.085%$11.4M$673K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0630−0.188%$582K$288K50xas long as short
Bitget AXSUSDT+0.0100%4h1.06500.000%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0638−0.113%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0578−0.678%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0590−0.563%$760K$896K10xas long as short
SunX AXS-USDT+0.0100%4h1.0631−0.178%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0636−0.131%$755$3K5xas long as short
Extended AXS-USDshort+0.0104%1h1.0639−0.100%$7K$223K10x
Kraken Futures PF_AXSUSD+0.0416%1h1.0647−0.028%$141K$351K20xas long as short