Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Aster+0.009%7-day average — · you sell dearer than you buy

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

Long on Aster Short on SunX

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 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	1.0611	0.0100	pay 0.0050% / 4h	1h 59m	$72K	$11K	10x
Short	SunX AXS-USDT	1.0612	0.0100	get 0.0050% / 4h	1h 59m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	500.59 bp	doesn't fit	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
Kraken Futures PF_AXSUSD	−0.0477%	1h	1.0615	+0.035%	$139K	$321K	20x	as long as short
OKX AXS-USDT-SWAP	+0.0021%	4h	1.0614	+0.028%	$1.4M	$2.7M	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+1.027%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0071%	4h	1.0600	−0.104%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0630	+0.179%	$28K	$36K	5x	as long as short
BloFin AXS-USDT	+0.0097%	4h	1.0599	−0.113%	$272K	$29K	75x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0614	+0.028%	$261K	$293K	5x	as long as short
Aster AXSUSDTlong	+0.0100%	4h	1.0611	long leg	$72K	$11K	10x
Binance AXSUSDT	+0.0100%	4h	1.0610	−0.008%	$5.9M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0611	0.000%	$3.2M	$3.6M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0603	−0.076%	$956K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0607	−0.038%	$11.1M	$718K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0600	−0.104%	$582K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0600	−0.104%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0608	−0.029%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0599	−0.117%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0595	−0.148%	$755K	$888K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0612	+0.009%	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0609	−0.019%	$696	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0605	−0.053%	$7K	$156K	10x	as long as short