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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: SunX against Lighter−0.227%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 6 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 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.227% cheaper against Lighter than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.05580.0096pay 0.0012% / 1h51m 41s$36K$39K5x
ShortSunX AXS-USDT1.05340.0100get 0.0050% / 4h51m 41s$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0.84
Price spread: −0.227% → 0.000%
−$22.73
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$29.89
Costs to cover
0.080%
Break-even
256.1 days
Slippage unknown: Lighter: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago500.00 bpdoesn't fitdoesn't fitdoesn'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 exchanges

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%1h1.0580+0.208%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0086%4h1.0530−0.265%$3K10xas long as short
Lighter AXSlong+0.0096%1h1.0558long leg$36K$39K5x
Hyperliquid AXS+0.0100%1h1.0539−0.180%$249K$658K5xas long as short
Aster AXSUSDT+0.0100%4h1.0541−0.160%$71K$16K10xas long as short
Binance AXSUSDT+0.0100%4h1.0536−0.206%$5.9M$8.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0538−0.189%$3.6M$3.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0526−0.303%$1.4M$2.6M20xas long as short
Gate AXS_USDT+0.0100%8h1.0539−0.180%$827K$295K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0532−0.246%$11.3M$596K50xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0540−0.170%$581K$223K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0530−0.265%$3.1M$913K50xas long as short
BingX AXS-USDT+0.0100%4h1.0537−0.199%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0557−0.008%$42K$7Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0568+0.092%$752K$793K10xas long as short
SunX AXS-USDTshort+0.0100%4h1.0534−0.227%$2K$1.1M20x
SoDEX AXS-USD+0.0100%1h1.0535−0.218%$462$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0530−0.268%$7K$254K10xas long as short
BloFin AXS-USDT+0.0136%4h1.0559+0.009%$289K$29K75xas long as short
Kraken Futures PF_AXSUSD+0.0387%1h1.0547−0.102%$144K$324K20xas long as short