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: Binance against SunX+0.055%46s7-day average −0.012% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.055%, 7d avg −0.012%

Together, before fees−0.123%−$12 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: Binance is 0.067% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0703	0.0100	pay 0.0050% / 4h	1h 42m	$1K	$1.4M	20x
Short	Binance AXSUSDT	1.0709	0.0100	get 0.0050% / 4h	1h 42m	$6.0M	$10.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.012%: $6.68
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.32
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Binance: live order book, 12 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 SunX live order book, 12 min ago	500.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.93 bp	15.0 bp −$15	44.8 bp −$448	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	−1.149%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0710	+0.065%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0720	+0.159%	$265K	$700K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0710	+0.067%	$73K	$18K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0709	+0.055%	$6.0M	$10.8M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0708	+0.047%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0707	+0.037%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0702	−0.009%	$847K	$630K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0706	+0.028%	$11.5M	$682K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0710	+0.065%	$587K	$289K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AXSUSDT	+0.0100%	4h	1.0710	+0.065%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0704	+0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0692	−0.102%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0711	+0.076%	$763K	$891K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0703	long leg	$1K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0705	+0.019%	$768	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0706	+0.029%	$7K	$230K	10x	as long as short
BloFin AXS-USDT	+0.0121%	4h	1.0697	−0.056%	$280K	$30K	75x	as long as short
Lighter AXS	+0.0288%	1h	1.0738	+0.327%	$37K	$39K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0379%	1h	1.0720	+0.156%	$141K	$355K	20x	as long as short