Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against SunX+0.075%7-day average −0.002% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.075%, 7d avg −0.002%

Together, before fees−0.129%−$13 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: BingX is 0.077% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0611	0.0100	pay 0.0050% / 4h	2h 37m	$2K	$1.3M	20x
Short	BingX AXS-USDT	1.0619	0.0100	get 0.0050% / 4h	2h 37m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.002%: $7.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$10.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; BingX: 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 SunX live order book, 7 min ago	500.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.24 bp	19.4 bp −$19	44.8 bp −$448	315.8 bp −$31.6K	432.1 bp −$216.1K

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
Kraken Futures PF_AXSUSD	−0.0339%	1h	1.0620	+0.081%	$138K	$324K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+1.027%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0074%	4h	1.0606	−0.047%	$270K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0078%	4h	1.0610	−0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0640	+0.273%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0626	+0.141%	$261K	$294K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0622	+0.102%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0620	+0.085%	$5.9M	$9.4M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0612	+0.009%	$3.2M	$3.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0616	+0.047%	$1.4M	$2.7M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0618	+0.066%	$957K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0607	−0.038%	$11.1M	$762K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0610	−0.009%	$572K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0620	+0.085%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDTshort	+0.0100%	4h	1.0619	+0.075%	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0616	+0.048%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0613	+0.019%	$757K	$914K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0611	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0609	−0.019%	$710	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0614	+0.027%	$7K	$156K	10x	as long as short