Settings8H · net · $10k
Funding arb · Price arb /

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.024%
Price spread now: Injective against SunX−0.381%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.148%−$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.381% cheaper against SunX than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX AXS-USDT1.07610.0100pay 0.0050% / 4h3h 16m$2K$1.3M20x
ShortInjective AXS/USDC PERP1.07200.0033get 0.0004% / 1h16m 58s$5$47K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: −0.381% → 0.000%
−$38.1
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$60.12
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 7 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago500.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0260%1h1.0792+0.285%$147K$330K20xas long as short
Injective AXS/USDC PERPshort+0.0033%1h1.0720−0.381%$5$47K5.5x
Orderly PERP_AXS_USDC+0.0082%4h1.0770+0.084%$3K10xas long as short
Lighter AXS+0.0096%1h1.0799+0.353%$29K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0790+0.269%$268K$308K5xas long as short
Aster AXSUSDT+0.0100%4h1.0783+0.209%$74K$12K10xas long as short
Binance AXSUSDT+0.0100%4h1.0800+0.367%$6.1M$9.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0816+0.511%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0806+0.418%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0784+0.214%$879K$1.1M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0784+0.214%$11.5M$744K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0790+0.269%$616K$311K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0790+0.269%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0801+0.372%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0750−0.105%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0740−0.195%$765K$889K10xas long as short
SunX AXS-USDTlong+0.0100%4h1.0761long leg$2K$1.3M20x
SoDEX AXS-USD+0.0100%1h1.0777+0.149%$716$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0784+0.210%$7K$241K10xas long as short
BloFin AXS-USDT+0.0107%4h1.0748−0.121%$278K$14K75xas long as short