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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.037%
Price spread now: KuCoin against Injective+1.512%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 7 days+0.161%+$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 1.512% dearer against Injective than usual: you sell high and buy low: +$151 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 PERP1.05800.0033pay 0.0004% / 1h3m 12s$1K$48K5.5x
ShortKuCoin AXSUSDTM1.07400.0100get 0.0050% / 4h3h 03m$592K$268K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +1.512% → 0.000%
$151.23
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$153.21
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 21 min ago. 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 KuCoin live order book, 21 min ago4.69 bp110.8 bp −$111328.4 bp −$3,284doesn't fitdoesn't fit
Injective: 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
Injective AXS/USDC PERPlong+0.0033%1h1.0580long leg$1K$48K5.5x
BloFin AXS-USDT+0.0086%4h1.0738+1.493%$281K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0740+1.512%$3K10xas long as short
Lighter AXS+0.0096%1h1.0769+1.786%$37K$42K5xas long as short
Hyperliquid AXS+0.0100%1h1.0743+1.541%$257K$702K5xas long as short
Aster AXSUSDT+0.0100%4h1.0746+1.572%$73K$15K10xas long as short
Binance AXSUSDT+0.0100%4h1.0740+1.515%$6.0M$10.6M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0742+1.531%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0741+1.522%$1.5M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0736+1.474%$848K$525K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0740+1.512%$11.6M$717K50xas long as short
KuCoin AXSUSDTMshort+0.0100%4h1.0740+1.512%$592K$268K50x
Bitget AXSUSDT+0.0100%4h1.0740+1.512%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0740+1.512%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0739+1.505%$37K$840as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0734+1.454%$769K$857K10xas long as short
SunX AXS-USDT+0.0100%4h1.0738+1.493%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0740+1.512%$787$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0738+1.489%$7K$249K10xas long as short
Kraken Futures PF_AXSUSD+0.0462%1h1.0757+1.678%$146K$332K20xas long as short