Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against MEXC−0.009%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AXS_USDT	1.0696	0.0100	pay 0.0050% / 4h	2h 43m	$11.4M	$725K	50x
Short	SoDEX AXS-USD	1.0695	0.0100	get 0.0013% / 1h	43m 17s	$711	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against MEXC. 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 MEXCbpFee SoDEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.93
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 10 min ago; SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 10 min ago	1.87 bp	5.4 bp −$5	26.6 bp −$266	59.7 bp −$5,965	100.6 bp −$50.3K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.224%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0078%	4h	1.0690	−0.056%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0090%	4h	1.0691	−0.047%	$275K	$18K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0719	+0.215%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0702	+0.056%	$259K	$313K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0701	+0.050%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0697	+0.014%	$6.0M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0706	+0.093%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0688	−0.075%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0686	−0.093%	$853K	$992K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDTlong	+0.0100%	4h	1.0696	long leg	$11.4M	$725K	50x
KuCoin AXSUSDTM	+0.0100%	4h	1.0700	+0.037%	$603K	$312K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0700	+0.037%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0700	+0.037%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0674	−0.207%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0672	−0.221%	$762K	$904K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0700	+0.037%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0695	−0.009%	$711	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0699	+0.026%	$7K	$236K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0358%	1h	1.0707	+0.103%	$146K	$333K	20x	as long as short