Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: SoDEX against GRVT−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AXS_USDT_Perp	1.0660	0.0100	pay 0.0050% / 4h	2h 21m	$760K	$914K	10x
Short	SoDEX AXS-USD	1.0659	0.0100	get 0.0013% / 1h	21m 11s	$708	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee GRVTbpFee SoDEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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 GRVT live order book, 2 min ago	4.69 bp	19.4 bp −$19	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0337%	1h	1.0670	+0.090%	$140K	$322K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.563%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0077%	4h	1.0660	0.000%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0083%	4h	1.0661	+0.009%	$272K	$30K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0682	+0.206%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0661	+0.009%	$262K	$291K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0661	+0.013%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0662	+0.019%	$5.9M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0655	−0.047%	$3.2M	$3.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0656	−0.038%	$1.4M	$2.7M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0657	−0.028%	$961K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0658	−0.019%	$11.1M	$764K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0660	0.000%	$575K	$291K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0660	0.000%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0659	−0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0661	+0.011%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perplong	+0.0100%	4h	1.0660	long leg	$760K	$914K	10x
SunX AXS-USDT	+0.0100%	4h	1.0658	−0.019%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0659	−0.009%	$708	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0658	−0.022%	$7K	$156K	10x	as long as short