Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

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: SunX against Hyperliquid−0.084%7-day average −0.064% · you buy dearer than you sell

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

Long on Hyperliquid Short on SunX

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)+0.202%+$20 · spread now −0.084%, 7d avg −0.064%

Together, before fees+0.210%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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 0.020% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AXS	1.0771	0.0100	pay 0.0013% / 1h	17m 04s	$259K	$309K	5x
Short	SunX AXS-USDT	1.0762	0.0100	get 0.0050% / 4h	1h 17m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee HyperliquidbpFee SunXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.064%: −$2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; SunX: live order book, 7 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 Hyperliquid live order book, 12 min ago	2.79 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.51 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
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.473%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0091%	4h	1.0760	−0.102%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0792	+0.195%	$33K	$41K	5x	as long as short
Hyperliquid AXSlong	+0.0100%	1h	1.0771	long leg	$259K	$309K	5x
Aster AXSUSDT	+0.0100%	4h	1.0764	−0.067%	$74K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0765	−0.056%	$6.1M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0772	+0.009%	$3.8M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0762	−0.084%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0760	−0.102%	$857K	$954K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0765	−0.056%	$11.5M	$712K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0770	−0.009%	$604K	$301K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0770	−0.009%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0765	−0.056%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0786	+0.139%	$37K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0780	+0.084%	$775K	$873K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0762	−0.084%	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0765	−0.056%	$749	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0763	−0.075%	$7K	$245K	10x	as long as short
BloFin AXS-USDT	+0.0135%	4h	1.0763	−0.074%	$278K	$23K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0359%	1h	1.0779	+0.075%	$145K	$336K	20x	as long as short