Funding arb · Price arb /

AXS

all AXS markets

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: OKX against SunX+0.046%7-day average −0.022% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.046%, 7d avg −0.022%

Together, before fees−0.270%−$27 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: OKX is 0.068% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0794	0.0100	pay 0.0050% / 4h	3h 11m	$2K	$1.3M	20x
Short	OKX AXS-USDT-SWAP	1.0799	0.0100	get 0.0050% / 4h	3h 11m	$1.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.022%: $6.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; OKX: live order book, 1 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, 3 min ago	500.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.78 bp	21.2 bp −$21	doesn't fit	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	1.0805	+0.103%	$147K	$330K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.686%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0081%	4h	1.0800	+0.056%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0814	+0.185%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0794	0.000%	$265K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0796	+0.017%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0792	−0.019%	$6.1M	$9.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0804	+0.093%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0799	+0.046%	$1.4M	$2.9M	20x
Gate AXS_USDT	+0.0100%	8h	1.0784	−0.093%	$863K	$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	1.0789	−0.046%	$11.5M	$745K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0790	−0.037%	$609K	$312K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0800	+0.056%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0789	−0.046%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0796	+0.021%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0808	+0.131%	$771K	$902K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0794	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0790	−0.037%	$717	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0793	−0.014%	$7K	$241K	10x	as long as short
BloFin AXS-USDT	+0.0146%	4h	1.0785	−0.083%	$279K	$14K	75x	as long as short