Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC0.000%7-day average +0.027% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now 0.000%, 7d avg +0.027%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.027% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AXS_USDT	1.0656	0.0100	pay 0.0050% / 4h	1h 32m	$11.5M	$687K	50x
Short	SunX AXS-USDT	1.0656	0.0100	get 0.0050% / 4h	1h 32m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.027%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; SunX: live order book, 2 min ago. 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, 1 min ago	0.94 bp	4.3 bp −$4	34.8 bp −$348	60.4 bp −$6,040	115.1 bp −$57.5K
Sell SunX live order book, 2 min ago	500.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.1014%	1h	1.0580	−0.713%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0092%	4h	1.0667	+0.103%	$280K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0660	+0.038%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0673	+0.160%	$262K	$700K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0663	+0.064%	$72K	$18K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0657	+0.009%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0661	+0.047%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0660	+0.038%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0658	+0.019%	$844K	$630K	50x	as long as short
MEXC AXS_USDTlong	+0.0100%	4h	1.0656	long leg	$11.5M	$687K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0670	+0.131%	$585K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0660	+0.038%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0658	+0.019%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0668	+0.114%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0675	+0.176%	$765K	$892K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0656	0.000%	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0657	+0.009%	$762	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0654	−0.015%	$7K	$230K	10x	as long as short
Lighter AXS	+0.0224%	1h	1.0688	+0.300%	$36K	$39K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0380%	1h	1.0674	+0.170%	$140K	$349K	20x	as long as short