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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: SunX against GRVT+0.069%46s7-day average +0.037% · you sell dearer than you buy

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

Long on GRVT Short on SunX

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)−0.011%−$1 · spread now +0.069%, 7d avg +0.037%

Together, before fees+0.015%+ Points / potential airdropGRVT: Active · farm board+$1 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: SunX is 0.033% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 46 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	GRVT AXS_USDT_Perp	1.0630	0.0100	pay 0.0050% / 4h	1h 09m	$755K	$875K	10x
Short	SunX AXS-USDT	1.0637	0.0100	get 0.0050% / 4h	1h 09m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.037%: $3.26
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.74
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 9 min ago; SunX: live order book, 4 min ago. 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, 9 min ago	4.71 bp	22.1 bp −$22	205.2 bp −$2,052	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.49 bp	doesn't fit	doesn't fit	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	−0.0476%	1h	1.0641	+0.107%	$139K	$306K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.850%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0075%	4h	1.0640	+0.097%	$3K	—	10x	as long as short
OKX AXS-USDT-SWAP	+0.0086%	4h	1.0648	+0.173%	$1.4M	$2.7M	20x	as long as short
Lighter AXS	+0.0096%	1h	1.0662	+0.304%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0650	+0.192%	$262K	$296K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0643	+0.126%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0641	+0.107%	$6.0M	$9.2M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0641	+0.107%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0636	+0.060%	$957K	$1.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0638	+0.079%	$11.1M	$730K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0640	+0.097%	$589K	$297K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0640	+0.097%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0640	+0.097%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0629	−0.010%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perplong	+0.0100%	4h	1.0630	long leg	$755K	$875K	10x
SunX AXS-USDTshort	+0.0100%	4h	1.0637	+0.069%	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0643	+0.126%	$693	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0637	+0.068%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0115%	4h	1.0635	+0.050%	$272K	$17K	75x	as long as short