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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%
Price spread now: BingX against Extended+0.161%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$770.775% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.161%, 7d avg +0.048%
Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$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: BingX is 0.114% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AXS-USD1.07840.0104pay 0.0013% / 1h16m 45s$7K$241K10x
ShortBingX AXS-USDT1.08010.0100get 0.0050% / 4h3h 16m$2.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$0.84
Price spread: +0.161% → +0.048%
$11.37
Slippage, 4 orders
−$62.46
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$66.93
Costs to cover
0.775%
Break-even
never at this rate
Slippage from Extended: live order book, 54 min ago; BingX: live order book, 3 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 Extended live order book, 54 min ago1.21 bp23.5 bp −$24147.6 bp −$1,476doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago4.64 bp16.8 bp −$1742.0 bp −$420287.5 bp −$28.8K458.3 bp −$229.2K

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
Kraken Futures PF_AXSUSD−0.0260%1h1.0792+0.075%$147K$330K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720−0.590%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0082%4h1.0770−0.126%$3K10xas long as short
Lighter AXS+0.0096%1h1.0835+0.476%$29K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0807+0.217%$268K$308K5xas long as short
Aster AXSUSDT+0.0100%4h1.0784+0.005%$74K$12K10xas long as short
Binance AXSUSDT+0.0100%4h1.0812+0.263%$6.1M$9.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0816+0.300%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0814+0.282%$1.5M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0784+0.004%$879K$1.1M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0784+0.004%$11.5M$744K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0790+0.059%$616K$311K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0810+0.245%$3.2M$1.2M50xas long as short
BingX AXS-USDTshort+0.0100%4h1.0801+0.161%$2.6M
Variational Omni AXS+0.0100%8h1.0750−0.314%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0740−0.404%$765K$889K10xas long as short
SunX AXS-USDT+0.0100%4h1.0761−0.210%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0777−0.061%$716$3K5xas long as short
Extended AXS-USDlong+0.0104%1h1.0784long leg$7K$241K10x
BloFin AXS-USDT+0.0107%4h1.0748−0.330%$278K$14K75xas long as short