Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Bybit−0.056%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.056%, 7d avg −0.022%

Together, before fees−0.059%−$6 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 0.033% 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 −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0754	0.0100	pay 0.0100% / 8h	6h 25m	$3.8M	$4.3M	75x
Short	OKX AXS-USDT-SWAP	1.0748	0.0100	get 0.0050% / 4h	2h 25m	$1.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.022%: −$3.33
Slippage, 4 orders: −$71.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.95
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 1 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 Bybit live order book, 2 min ago	2.79 bp	28.8 bp −$29	104.1 bp −$1,041	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.79 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit

AXS on 19 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	1.0720	−0.316%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0079%	4h	1.0750	−0.037%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0777	+0.214%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0753	−0.009%	$260K	$314K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0753	−0.013%	$74K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0750	−0.037%	$6.0M	$10.0M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0754	long leg	$3.8M	$4.3M	75x
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0748	−0.056%	$1.4M	$2.9M	20x
Gate AXS_USDT	+0.0100%	8h	1.0745	−0.084%	$856K	$994K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0749	−0.046%	$11.4M	$727K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0750	−0.037%	$603K	$304K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0750	−0.037%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0753	−0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0755	+0.011%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0720	−0.316%	$763K	$912K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0749	−0.046%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0750	−0.037%	$715	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0747	−0.064%	$9K	$240K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0356%	1h	1.0765	+0.103%	$146K	$332K	20x	as long as short