Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Gate+0.056%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2062.057% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.056%, 7d avg −0.040%

Together, before fees−0.117%−$12 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: Binance is 0.096% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AXS_USDT	1.0649	0.0100	pay 0.0100% / 8h	1h 54m	$960K	$1.0M	50x
Short	Binance AXSUSDT	1.0655	0.0100	get 0.0050% / 4h	1h 54m	$6.0M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → −0.040%: $9.65
Slippage, 4 orders: −$180.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$196.08
Costs to cover: 2.057%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 15 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 Gate live order book, 2 min ago	7.99 bp	88.0 bp −$88	293.9 bp −$2,939	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.41 bp	18.2 bp −$18	49.7 bp −$497	doesn't fit	doesn't fit

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	−0.0475%	1h	1.0659	+0.089%	$140K	$321K	20x	as long as short
OKX AXS-USDT-SWAP	+0.0030%	4h	1.0660	+0.103%	$1.4M	$2.7M	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.667%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0071%	4h	1.0660	+0.103%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0680	+0.291%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0658	+0.085%	$262K	$293K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0653	+0.041%	$72K	$11K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0655	+0.056%	$6.0M	$9.3M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0652	+0.028%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDTlong	+0.0100%	8h	1.0649	long leg	$960K	$1.0M	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0654	+0.047%	$11.1M	$718K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0650	+0.009%	$582K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0650	+0.009%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0650	+0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0633	−0.154%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0611	−0.361%	$757K	$888K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0655	+0.056%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0657	+0.075%	$691	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0654	+0.046%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0113%	4h	1.0634	−0.141%	$271K	$26K	75x	as long as short