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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Lighter−0.244%7-day average · you buy dearer than you sell
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 airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.244% cheaper against Lighter than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.06640.0096pay 0.0012% / 1h34m 32s$28K$36K5x
ShortExtended AXS-USD1.06380.0104get 0.0013% / 1h34m 32s$7K$156K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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
$1.68
Price spread: −0.244% → 0.000%
−$24.4
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$27.72
Costs to cover
0.050%
Break-even
122.5 days
Slippage unknown: Lighter: no order-book sample; Extended: live order book, 46 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 Lighter no order-book sample
Sell Extended live order book, 46 min ago1.88 bp21.5 bp −$22187.4 bp −$1,874doesn't fitdoesn't fit
Lighter: 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−0.0476%1h1.0650−0.129%$139K$305K20xas long as short
OKX AXS-USDT-SWAP+0.0027%4h1.0634−0.281%$1.4M$2.7M20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.525%$5$47K5.5xas long as short
BloFin AXS-USDT+0.0051%4h1.0643−0.197%$271K$17K75xas long as short
Orderly PERP_AXS_USDC+0.0069%4h1.0640−0.225%$3K10xas long as short
Lighter AXSlong+0.0096%1h1.0664long leg$28K$36K5x
Hyperliquid AXS+0.0100%1h1.0632−0.300%$261K$293K5xas long as short
Aster AXSUSDT+0.0100%4h1.0651−0.127%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0631−0.313%$5.9M$9.2M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0633−0.291%$3.2M$3.6M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AXS_USDT+0.0100%8h1.0644−0.188%$958K$1.0M50xas long as short
MEXC AXS_USDT+0.0100%4h1.0626−0.356%$11.1M$723K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0650−0.131%$582K$294K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0650−0.131%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0642−0.206%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0637−0.251%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0649−0.141%$760K$870K10xas long as short
SunX AXS-USDT+0.0100%4h1.0643−0.197%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0640−0.225%$678$3K5xas long as short
Extended AXS-USDshort+0.0104%1h1.0638−0.244%$7K$156K10x