Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX−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 SoDEX Short on KuCoin

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	SoDEX AXS-USD	1.0711	0.0100	pay 0.0013% / 1h	6m 38s	$744	$3K	5x
Short	KuCoin AXSUSDTM	1.0710	0.0100	get 0.0050% / 4h	1h 06m	$601K	$300K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice 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 SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.93
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 17 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 17 min ago	4.64 bp	80.6 bp −$81	304.4 bp −$3,044	doesn't fit	doesn't fit

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	+0.084%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0091%	4h	1.0710	−0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0724	+0.121%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0706	−0.047%	$258K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0709	−0.019%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0700	−0.107%	$6.1M	$10.1M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0707	−0.037%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0692	−0.177%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0699	−0.112%	$852K	$954K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0699	−0.112%	$11.4M	$715K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTMshort	+0.0100%	4h	1.0710	−0.009%	$601K	$300K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0700	−0.103%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0702	−0.084%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0756	+0.424%	$37K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0740	+0.271%	$763K	$877K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0708	−0.028%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0711	long leg	$744	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0695	−0.147%	$7K	$244K	10x	as long as short
BloFin AXS-USDT	+0.0117%	4h	1.0708	−0.028%	$277K	$23K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0361%	1h	1.0726	+0.138%	$139K	$346K	20x	as long as short