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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.024%
Price spread now: Aster against Injective+0.910%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.910% dearer against Injective than usual: you sell high and buy low: +$91 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective AXS/USDC PERP1.07200.0033pay 0.0004% / 1h33m 03s$5$47K5.5x
ShortAster AXSUSDT1.08180.0100get 0.0050% / 4h33m 03s$75K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
$14
Price spread: +0.910% → 0.000%
$91.03
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
$97.01
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aster no order-book sample
Injective and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0238%1h1.0825+0.980%$141K$312K20xas long as short
Injective AXS/USDC PERPlong+0.0033%1h1.0720long leg$5$47K5.5x
Orderly PERP_AXS_USDC+0.0078%4h1.0830+1.026%$3K10xas long as short
Lighter AXS+0.0096%1h1.0843+1.147%$29K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0821+0.942%$265K$298K5xas long as short
Aster AXSUSDTshort+0.0100%4h1.0818+0.910%$75K$11K10x
Binance AXSUSDT+0.0100%4h1.0820+0.929%$6.1M$9.6M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0835+1.073%$3.7M$4.0M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0822+0.951%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0819+0.924%$974K$1.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0817+0.905%$11.5M$745K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0810+0.840%$613K$306K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0820+0.933%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0817+0.905%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0816+0.898%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0800+0.747%$772K$892K10xas long as short
SunX AXS-USDT+0.0100%4h1.0813+0.868%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0820+0.933%$715$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0818+0.914%$7K$156K10xas long as short
BloFin AXS-USDT+0.0118%4h1.0816+0.896%$276K$17K75xas long as short