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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Variational Omni+0.169%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.169% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni AXS1.07320.0100pay 0.0100% / 8h6h 29m$37K$4K
ShortLighter AXS1.07500.0096get 0.0012% / 1h29m 23s$33K$41K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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
−$0.84
Price spread: +0.169% → 0.000%
$16.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$16.08
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Lighter: 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 Variational Omni no order-book sample
Sell Lighter no order-book sample
Variational Omni and Lighter: 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 19 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
Injective AXS/USDC PERP+0.0033%1h1.0720−0.110%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0079%4h1.0700−0.297%$3K10xas long as short
Lighter AXSshort+0.0096%1h1.0750+0.169%$33K$41K5x
Hyperliquid AXS+0.0100%1h1.0725−0.064%$259K$314K5xas long as short
Aster AXSUSDT+0.0100%4h1.0727−0.045%$73K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0715−0.155%$6.0M$10.0M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0706−0.241%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0708−0.222%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0714−0.166%$854K$994K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0727−0.045%$11.4M$726K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0720−0.110%$601K$303K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0720−0.110%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0710−0.203%$2.6Mas long as short
Variational Omni AXSlong+0.0100%8h1.0732long leg$37K$4K
GRVT AXS_USDT_Perp+0.0100%4h1.0710−0.203%$762K$919K10xas long as short
SunX AXS-USDT+0.0100%4h1.0731−0.008%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0731−0.008%$714$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0723−0.079%$9K$240K10xas long as short
Kraken Futures PF_AXSUSD+0.0356%1h1.0746+0.135%$146K$333K20xas long as short