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

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended−0.104%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2062.062% 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)+0.221%+$22 · spread now −0.104%, 7d avg +0.072%
Together, before fees+0.230%+ Points / potential airdropExtended: Active · farm board+$23 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: Gate is 0.176% cheaper against Extended than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AXS-USD1.05550.0104pay 0.0013% / 1h31m 36s$8K$251K10x
ShortGate AXS_USDT1.05440.0100get 0.0100% / 8h5h 31m$828K$297K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.104% → +0.072%
−$17.61
Slippage, 4 orders
−$186.18
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$224.63
Costs to cover
2.062%
Break-even
never at this rate
Slippage from Extended: live order book, 13 min ago; Gate: live order book, 13 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, 13 min ago1.09 bp20.4 bp −$20150.8 bp −$1,508doesn't fitdoesn't fit
Sell Gate live order book, 13 min ago6.59 bp73.8 bp −$74228.5 bp −$2,285doesn't fitdoesn't fit

AXS on 20 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX AXS-USD−0.0034%1h1.0560+0.048%$448$3K5xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0580+0.237%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0088%4h1.0550−0.047%$3K10xas long as short
Lighter AXS+0.0096%1h1.0579+0.228%$36K$42K5xas long as short
Hyperliquid AXS+0.0100%1h1.0562+0.067%$250K$680K5xas long as short
Aster AXSUSDT+0.0100%4h1.0558+0.031%$72K$16K10xas long as short
Binance AXSUSDT+0.0100%4h1.0558+0.031%$5.9M$9.0M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0560+0.048%$3.6M$3.4M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0557+0.019%$1.4M$2.7M20xas long as short
Gate AXS_USDTshort+0.0100%8h1.0544−0.104%$828K$297K50x
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0558+0.029%$11.4M$625K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0550−0.047%$581K$236K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0560+0.048%$3.1M$933K50xas long as short
BingX AXS-USDT+0.0100%4h1.0553−0.019%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0597+0.401%$38K$3Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0550−0.047%$751K$808K10xas long as short
SunX AXS-USDT+0.0100%4h1.0569+0.133%$2K$1.2M20xas long as short
Extended AXS-USDlong+0.0104%1h1.0555long leg$8K$251K10x
BloFin AXS-USDT+0.0136%4h1.0533−0.208%$286K$29K75xas long as short
Kraken Futures PF_AXSUSD+0.0195%1h1.0573+0.170%$144K$312K20xas long as short