Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended−0.003%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AXS-USD	1.0818	0.0104	pay 0.0013% / 1h	33m 09s	$7K	$156K	10x
Short	Aster AXSUSDT	1.0818	0.0100	get 0.0050% / 4h	33m 09s	$75K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$0.84
Price spread: −0.003% → 0.000%: −$0.33
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.17
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 43 min ago; Aster: 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 Extended live order book, 43 min ago	1.88 bp	19.2 bp −$19	202.0 bp −$2,020	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	1.0825	+0.066%	$141K	$312K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.905%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0078%	4h	1.0830	+0.111%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0843	+0.232%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0821	+0.028%	$265K	$298K	5x	as long as short
Aster AXSUSDTshort	+0.0100%	4h	1.0818	−0.003%	$75K	$11K	10x
Binance AXSUSDT	+0.0100%	4h	1.0820	+0.015%	$6.1M	$9.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0835	+0.158%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0822	+0.037%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0819	+0.010%	$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	1.0817	−0.009%	$11.5M	$745K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0810	−0.073%	$613K	$306K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0820	+0.019%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0817	−0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0816	−0.016%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0800	−0.165%	$772K	$892K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0813	−0.046%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0820	+0.019%	$715	$3K	5x	as long as short
Extended AXS-USDlong	+0.0104%	1h	1.0818	long leg	$7K	$156K	10x
BloFin AXS-USDT	+0.0118%	4h	1.0816	−0.018%	$276K	$17K	75x	as long as short