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

AXS

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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: Gate against GRVT+0.235%111s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2052.052% of the position
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)−0.494%−$49 · spread now +0.235%, 7d avg +0.046%
Together, before fees−0.468%+ Points / potential airdropGRVT: Active · farm board−$47 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 0.189% dearer against GRVT than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT AXS_USDT_Perp1.06400.0100pay 0.0050% / 4h1h 39m$751K$862K10x
ShortGate AXS_USDT1.06650.0100get 0.0100% / 8h1h 39m$960K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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
Price spread: +0.235% → +0.046%
$18.94
Slippage, 4 orders
−$181.23
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$186.29
Costs to cover
2.052%
Break-even
never at this rate
Slippage from GRVT: live order book, 43 min ago; Gate: live order book, 2 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 GRVT live order book, 43 min ago4.69 bp19.4 bp −$19162.8 bp −$1,628doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago8.91 bp90.1 bp −$90238.3 bp −$2,383doesn'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−0.0475%1h1.0671+0.290%$140K$320K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.752%$5$47K5.5xas long as short
OKX AXS-USDT-SWAP+0.0047%4h1.0653+0.122%$1.4M$2.7M20xas long as short
Orderly PERP_AXS_USDC+0.0071%4h1.0650+0.094%$3K10xas long as short
Lighter AXS+0.0096%1h1.0681+0.385%$28K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0659+0.176%$261K$293K5xas long as short
Aster AXSUSDT+0.0100%4h1.0660+0.192%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0663+0.212%$6.0M$9.2M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0659+0.179%$3.2M$3.6M75xas long as short
Gate AXS_USDTshort+0.0100%8h1.0665+0.235%$960K$1.0M50x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0667+0.254%$11.1M$720K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0660+0.188%$582K$294K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0660+0.188%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0661+0.197%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0654+0.134%$36K$4Kas long as short
GRVT AXS_USDT_Perplong+0.0100%4h1.0640long leg$751K$862K10x
SunX AXS-USDT+0.0100%4h1.0660+0.188%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0659+0.179%$680$3K5xas long as short
BloFin AXS-USDT+0.0104%4h1.0644+0.038%$271K$17K75xas long as short
Extended AXS-USD+0.0104%1h1.0660+0.192%$7K$156K10xas long as short