Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX+0.210%7-day average −0.051% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.331%−$33 · spread now +0.210%, 7d avg −0.051%

Together, before fees−0.341%+ Points / potential airdropExtended: Active · farm board−$34 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: Extended is 0.261% dearer against SunX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0761	0.0100	pay 0.0050% / 4h	3h 16m	$2K	$1.3M	20x
Short	Extended AXS-USD	1.0784	0.0104	get 0.0013% / 1h	16m 51s	$7K	$241K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0.84
Price spread: +0.210% → −0.051%: $26.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $13.94
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 7 min ago; Extended: live order book, 54 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	500.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 54 min ago	1.21 bp	19.0 bp −$19	143.2 bp −$1,432	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
Kraken Futures PF_AXSUSD	−0.0260%	1h	1.0792	+0.285%	$147K	$330K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.381%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0082%	4h	1.0770	+0.084%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0799	+0.353%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0790	+0.269%	$268K	$308K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0783	+0.209%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0800	+0.367%	$6.1M	$9.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0816	+0.511%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0806	+0.418%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0784	+0.214%	$879K	$1.1M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0784	+0.214%	$11.5M	$744K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0790	+0.269%	$616K	$311K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0790	+0.269%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0801	+0.372%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0750	−0.105%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0740	−0.195%	$765K	$889K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0761	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0777	+0.149%	$716	$3K	5x	as long as short
Extended AXS-USDshort	+0.0104%	1h	1.0784	+0.210%	$7K	$241K	10x
BloFin AXS-USDT	+0.0107%	4h	1.0748	−0.121%	$278K	$14K	75x	as long as short