Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX 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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 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	1.0675	0.0100	pay 0.0013% / 1h	17m 56s	$789	$3K	5x
Short	OKX AXS-USDT-SWAP	1.0674	0.0100	get 0.0050% / 4h	2h 17m	$1.5M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	1.41 bp	18.7 bp −$19	doesn't fit	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 exchanges

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	1.0580	−0.890%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0045%	4h	1.0662	−0.122%	$283K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0670	−0.047%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0692	+0.159%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0668	−0.066%	$254K	$694K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0673	−0.022%	$72K	$16K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0670	−0.046%	$6.0M	$9.9M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0673	−0.019%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0674	−0.009%	$1.5M	$2.9M	20x
Gate AXS_USDT	+0.0100%	8h	1.0674	−0.009%	$840K	$392K	50x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0666	−0.084%	$11.6M	$644K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0660	−0.141%	$587K	$262K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0680	+0.047%	$3.1M	$1.1M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0672	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0669	−0.053%	$36K	$725	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0662	−0.121%	$761K	$836K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0681	+0.056%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0675	long leg	$789	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0669	−0.060%	$12K	$252K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0622%	1h	1.0690	+0.136%	$146K	$328K	20x	as long as short