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

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Aster+0.245%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 6 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 · 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 0.245% dearer against Aster than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster AXSUSDT1.06060.0100pay 0.0050% / 4h3h 25m$72K$17K10x
ShortLighter AXS1.06320.0096get 0.0012% / 1h25m 48s$36K$42K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.245% → 0.000%
$24.52
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$15.68
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: 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 Aster no order-book sample
Sell Lighter no order-book sample
Aster 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 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
Injective AXS/USDC PERP+0.0033%1h1.0580−0.245%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0059%4h1.0600−0.057%$281K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0600−0.057%$3K10xas long as short
Lighter AXSshort+0.0096%1h1.0632+0.245%$36K$42K5x
Hyperliquid AXS+0.0100%1h1.0614+0.075%$254K$706K5xas long as short
Aster AXSUSDTlong+0.0100%4h1.0606long leg$72K$17K10x
Binance AXSUSDT+0.0100%4h1.0604−0.015%$5.9M$10.7M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0609+0.028%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0609+0.028%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0598−0.075%$837K$524K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0602−0.038%$11.5M$714K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0600−0.057%$584K$278K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0610+0.038%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0609+0.028%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0595−0.100%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0595−0.104%$758K$852K10xas long as short
SunX AXS-USDT+0.0100%4h1.0593−0.123%$1K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0594−0.113%$770$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0594−0.114%$9K$250K10xas long as short
Kraken Futures PF_AXSUSD+0.0469%1h1.0603−0.024%$144K$338K20xas long as short