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

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.102%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1041.040% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.102%, 7d avg −0.075%
Together, before fees+0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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: Bitget is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AXS1.07810.0100pay 0.0013% / 1h18m 41s$259K$309K5x
ShortBitget AXSUSDT1.07700.0100get 0.0050% / 4h1h 18m$3.2M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: −0.102% → −0.075%
−$2.71
Slippage, 4 orders
−$83.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.74
Costs to cover
1.040%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Bitget: live order book, 4 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 Hyperliquid live order book, 11 min ago2.79 bp29.4 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago4.64 bp23.2 bp −$2352.5 bp −$525doesn'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
Injective AXS/USDC PERP+0.0033%1h1.0720−0.566%$5$47K5.5xas long as short
BloFin AXS-USDT+0.0088%4h1.0784+0.028%$278K$23K75xas long as short
Orderly PERP_AXS_USDC+0.0091%4h1.0780−0.009%$3K10xas long as short
Lighter AXS+0.0096%1h1.0806+0.232%$33K$41K5xas long as short
Hyperliquid AXSlong+0.0100%1h1.0781long leg$259K$309K5x
Aster AXSUSDT+0.0100%4h1.0779−0.017%$74K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0779−0.022%$6.1M$10.0M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0783+0.019%$3.8M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0763−0.167%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0778−0.028%$858K$954K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0776−0.046%$11.5M$711K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0780−0.009%$605K$301K50xas long as short
Bitget AXSUSDTshort+0.0100%4h1.0770−0.102%$3.2M$1.2M50x
BingX AXS-USDT+0.0100%4h1.0771−0.093%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0786+0.046%$37K$3Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0760−0.196%$773K$872K10xas long as short
SunX AXS-USDT+0.0100%4h1.0777−0.037%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0777−0.037%$749$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0775−0.054%$7K$245K10xas long as short
Kraken Futures PF_AXSUSD+0.0359%1h1.0787+0.060%$146K$336K20xas long as short