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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.024%
Price spread now: Injective against Aster−0.783%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.783% cheaper against Aster than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster AXSUSDT1.08050.0100pay 0.0050% / 4h26m 54s$75K$11K10x
ShortInjective AXS/USDC PERP1.07200.0033get 0.0004% / 1h26m 54s$5$47K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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: −0.783% → 0.000%
−$78.3
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$100.32
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample
Sell Injective no order-book sample
Aster and 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−0.0239%1h1.0813+0.081%$141K$312K20xas long as short
Injective AXS/USDC PERPshort+0.0033%1h1.0720−0.783%$5$47K5.5x
Orderly PERP_AXS_USDC+0.0078%4h1.0810+0.050%$3K10xas long as short
Lighter AXS+0.0096%1h1.0830+0.235%$29K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0808+0.032%$266K$300K5xas long as short
Aster AXSUSDTlong+0.0100%4h1.0805long leg$75K$11K10x
Binance AXSUSDT+0.0100%4h1.0810+0.052%$6.1M$9.6M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0818+0.124%$3.7M$4.0M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0811+0.059%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0813+0.078%$973K$1.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0803−0.015%$11.5M$749K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0810+0.050%$613K$307K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0810+0.050%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0813+0.078%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0821+0.154%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0804−0.002%$772K$892K10xas long as short
SunX AXS-USDT+0.0100%4h1.0808+0.032%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0805+0.004%$708$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0804−0.006%$7K$156K10xas long as short
BloFin AXS-USDT+0.0124%4h1.0799−0.052%$275K$17K75xas long as short