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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.074%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2012.009% 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)−0.114%−$11 · spread now −0.074%, 7d avg −0.071%
Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AXS1.07580.0100pay 0.0013% / 1h1m 56s$260K$310K5x
ShortKuCoin AXSUSDTM1.07500.0100get 0.0050% / 4h1m 56s$602K$298K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.074% → −0.071%
−$0.31
Slippage, 4 orders
−$179.93
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$201.24
Costs to cover
2.009%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 18 min ago; KuCoin: live order book, 12 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, 18 min ago2.33 bp27.0 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 12 min ago9.28 bp85.3 bp −$85297.0 bp −$2,970doesn'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%1h1.0720−0.353%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0093%4h1.0750−0.074%$3K10xas long as short
Lighter AXS+0.0096%1h1.0780+0.204%$33K$41K5xas long as short
Hyperliquid AXSlong+0.0100%1h1.0758long leg$260K$310K5x
Aster AXSUSDT+0.0100%4h1.0754−0.039%$73K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0755−0.027%$6.1M$10.4M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0760+0.019%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0752−0.056%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0748−0.093%$855K$903K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0751−0.065%$11.5M$686K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTMshort+0.0100%4h1.0750−0.074%$602K$298K50x
Bitget AXSUSDT+0.0100%4h1.0750−0.074%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0752−0.056%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0745−0.120%$37K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0748−0.089%$768K$901K10xas long as short
SunX AXS-USDT+0.0100%4h1.0753−0.046%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0755−0.028%$764$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0752−0.056%$10K$242K10xas long as short
BloFin AXS-USDT+0.0132%4h1.0755−0.028%$277K$25K75xas long as short
Kraken Futures PF_AXSUSD+0.0436%1h1.0771+0.118%$140K$341K20xas long as short