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 −0.020%

Price spread now: GRVT against Gate+0.159%51s7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2102.102% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.159%, 7d avg −0.046%

Together, before fees+0.075%+ Points / potential airdropGRVT: Active · farm board+$7 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: GRVT is 0.204% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AXS_USDT	1.0633	0.0100	pay 0.0100% / 8h	1h 50m	$958K	$1.0M	50x
Short	GRVT AXS_USDT_Perp	1.0650	0.0100	get 0.0050% / 4h	1h 50m	$752K	$882K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → −0.046%: $20.41
Slippage, 4 orders: −$186.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$189.74
Costs to cover: 2.102%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 32 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, 1 min ago	11.75 bp	84.0 bp −$84	251.7 bp −$2,517	doesn't fit	doesn't fit
Sell GRVT live order book, 32 min ago	4.69 bp	17.9 bp −$18	214.3 bp −$2,143	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	1.0653	+0.190%	$139K	$320K	20x	as long as short
OKX AXS-USDT-SWAP	+0.0021%	4h	1.0629	−0.038%	$1.4M	$2.7M	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.818%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0058%	4h	1.0628	−0.047%	$271K	$17K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0071%	4h	1.0640	+0.066%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0655	+0.207%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0632	−0.009%	$261K	$293K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0637	+0.040%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0632	−0.012%	$5.9M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0629	−0.038%	$3.2M	$3.6M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDTlong	+0.0100%	8h	1.0633	long leg	$958K	$1.0M	50x
MEXC AXS_USDT	+0.0100%	4h	1.0632	−0.009%	$11.1M	$718K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0630	−0.028%	$581K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0640	+0.066%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0634	+0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0633	−0.004%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perpshort	+0.0100%	4h	1.0650	+0.159%	$752K	$882K	10x
SunX AXS-USDT	+0.0100%	4h	1.0629	−0.038%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0630	−0.028%	$686	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0633	+0.003%	$7K	$156K	10x	as long as short