AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against SoDEX+0.224%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

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—+ 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: Lighter is 0.224% dearer against SoDEX than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AXS-USD	1.0706	0.0100	pay 0.0013% / 1h	3m 16s	$733	$3K	5x
Short	Lighter AXS	1.0730	0.0096	get 0.0012% / 1h	3m 16s	$33K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$0.84
Price spread: +0.224% → 0.000%: $22.42
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.58
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Lighter: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

SoDEX and 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 19 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	+0.131%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0085%	4h	1.0710	+0.037%	$3K	—	10x	as long as short
Lighter AXSshort	+0.0096%	1h	1.0730	+0.224%	$33K	$41K	5x
Hyperliquid AXS	+0.0100%	1h	1.0709	+0.028%	$258K	$313K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0712	+0.056%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0701	−0.047%	$6.0M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0706	0.000%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0701	−0.047%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0707	+0.009%	$853K	$997K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0702	−0.037%	$11.4M	$732K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0710	+0.037%	$600K	$302K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0700	−0.056%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0706	0.000%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0694	−0.111%	$36K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0690	−0.149%	$763K	$906K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0710	+0.037%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0706	long leg	$733	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0700	−0.056%	$9K	$240K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0357%	1h	1.0718	+0.109%	$145K	$335K	20x	as long as short