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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended−0.047%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1031.034% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.047%, 7d avg +0.044%
Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 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: Bitget is 0.090% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AXS-USD1.05950.0104pay 0.0013% / 1h57m 24s$7K$156K10x
ShortBitget AXSUSDT1.05900.0100get 0.0050% / 4h2h 57m$3.1M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.047% → +0.044%
−$9.03
Slippage, 4 orders
−$86.37
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$113.23
Costs to cover
1.034%
Break-even
never at this rate
Slippage from Extended: live order book, 28 min ago; Bitget: live order book, 5 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, 28 min ago1.88 bp26.6 bp −$27196.8 bp −$1,968doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago4.72 bp19.7 bp −$2050.7 bp −$507doesn'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
Kraken Futures PF_AXSUSD−0.0339%1h1.0608+0.119%$139K$327K20xas long as short
SoDEX AXS-USD−0.0267%1h1.0598+0.029%$722$3K5xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+1.180%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0077%4h1.0610+0.142%$3K10xas long as short
BloFin AXS-USDT+0.0094%4h1.0611+0.152%$270K$30K75xas long as short
Lighter AXS+0.0096%1h1.0620+0.237%$28K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0601+0.057%$261K$295K5xas long as short
Aster AXSUSDT+0.0100%4h1.0613+0.174%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0596+0.007%$5.9M$9.4M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0598+0.029%$3.2M$3.6M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX AXS-USDT-SWAP+0.0100%4h1.0595+0.001%$1.4M$2.7M20xas long as short
Gate AXS_USDT+0.0100%8h1.0608+0.123%$956K$1.0M50xas long as short
MEXC AXS_USDT+0.0100%4h1.0596+0.010%$11.1M$760K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0610+0.142%$572K$294K50xas long as short
Bitget AXSUSDTshort+0.0100%4h1.0590−0.047%$3.1M$1.2M50x
BingX AXS-USDT+0.0100%4h1.0600+0.048%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0617+0.205%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0610+0.142%$752K$927K10xas long as short
SunX AXS-USDT+0.0100%4h1.0598+0.029%$2K$1.3M20xas long as short
Extended AXS-USDlong+0.0104%1h1.0595long leg$7K$156K10x