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

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.018%
Price spread now: Aster against Orderly+0.108%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.108% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_AXS_USDC1.07900.0080pay 0.0040% / 4h3h 42m$3K10x
ShortAster AXSUSDT1.08020.0100get 0.0050% / 4h3h 42m$74K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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
$4.11
Price spread: +0.108% → 0.000%
$10.78
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
$0.89
Costs to cover
0.140%
Break-even
5.5 days
Slippage unknown: Orderly: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Aster no order-book sample
Orderly and Aster: 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−0.0260%1h1.0807+0.162%$145K$322K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720−0.649%$5$47K5.5xas long as short
Orderly PERP_AXS_USDClong+0.0080%4h1.0790long leg$3K10x
Lighter AXS+0.0096%1h1.0817+0.250%$29K$36K5xas long as short
BloFin AXS-USDT+0.0098%4h1.0788−0.019%$277K$18K75xas long as short
Hyperliquid AXS+0.0100%1h1.0797+0.065%$270K$305K5xas long as short
Aster AXSUSDTshort+0.0100%4h1.0802+0.108%$74K$12K10x
Binance AXSUSDT+0.0100%4h1.0795+0.046%$6.1M$9.7M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0807+0.158%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0798+0.074%$1.4M$3.0M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AXS_USDT+0.0100%8h1.0787−0.028%$971K$904K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0789−0.009%$11.5M$742K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0800+0.093%$620K$306K50xas long as short
Bitget AXSUSDT+0.0100%4h1.07900.000%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0800+0.093%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0769−0.196%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0760−0.278%$768K$900K10xas long as short
SunX AXS-USDT+0.0100%4h1.0798+0.074%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0795+0.046%$718$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0794+0.035%$7K$190K10xas long as short