Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Aster−0.006%7-day average — · you buy dearer than you sell

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

Long on Aster Short on OKX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AXSUSDT	1.0692	0.0100	pay 0.0050% / 4h	1h 01m	$72K	$17K	10x
Short	OKX AXS-USDT-SWAP	1.0691	0.0100	get 0.0050% / 4h	1h 01m	$1.4M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 6 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 Aster no order-book sample	—	—	—	—	—
Sell OKX live order book, 6 min ago	1.86 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AXS/USDC PERP	−0.1014%	1h	1.0580	−1.044%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0059%	4h	1.0688	−0.034%	$279K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0690	−0.015%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0695	+0.032%	$259K	$703K	5x	as long as short
Aster AXSUSDTlong	+0.0100%	4h	1.0692	long leg	$72K	$17K	10x
Binance AXSUSDT	+0.0100%	4h	1.0692	0.000%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0692	+0.004%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0691	−0.006%	$1.4M	$3.0M	20x
Gate AXS_USDT	+0.0100%	8h	1.0695	+0.032%	$846K	$631K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0693	+0.013%	$11.5M	$698K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0690	−0.015%	$586K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0690	−0.015%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0693	+0.013%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0727	+0.332%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0722	+0.281%	$768K	$875K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0693	+0.013%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0692	+0.004%	$767	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0688	−0.029%	$7K	$238K	10x	as long as short
Lighter AXS	+0.0176%	1h	1.0722	+0.284%	$36K	$43K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0379%	1h	1.0708	+0.150%	$145K	$346K	20x	as long as short