Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.066%7-day average −0.005% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.066%, 7d avg −0.005%

Together, before fees−0.140%−$14 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: KuCoin is 0.071% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0653	0.0100	pay 0.0050% / 4h	44m 40s	$1K	$1.3M	20x
Short	KuCoin AXSUSDTM	1.0660	0.0100	get 0.0050% / 4h	44m 40s	$598K	$300K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.005%: $7.06
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; KuCoin: live order book, 39 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, 10 min ago	500.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 39 min ago	4.64 bp	80.6 bp −$81	304.4 bp −$3,044	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	+0.0033%	1h	1.0720	+0.629%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0057%	4h	1.0645	−0.075%	$276K	$24K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0650	−0.028%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0689	+0.338%	$32K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0662	+0.084%	$257K	$311K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0653	−0.002%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0658	+0.051%	$6.0M	$10.2M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0670	+0.160%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0669	+0.150%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0648	−0.047%	$848K	$898K	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	1.0662	+0.084%	$11.3M	$668K	50x	as long as short
KuCoin AXSUSDTMshort	+0.0100%	4h	1.0660	+0.066%	$598K	$300K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0650	−0.028%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0652	−0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0663	+0.089%	$36K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0650	−0.027%	$756K	$876K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0653	long leg	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0648	−0.047%	$744	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0649	−0.034%	$7K	$243K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0441%	1h	1.0652	−0.009%	$138K	$349K	20x	as long as short