Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Binance+0.072%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2022.021% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.072%, 7d avg +0.036%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXSUSDT	1.0617	0.0100	pay 0.0050% / 4h	22m 14s	$5.9M	$10.9M	75x
Short	Gate AXS_USDT	1.0625	0.0100	get 0.0100% / 8h	22m 14s	$840K	$535K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.036%: $3.68
Slippage, 4 orders: −$177.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$198.41
Costs to cover: 2.021%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: live order book, 65 min ago.

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 Binance live order book, 3 min ago	0.47 bp	14.5 bp −$15	40.0 bp −$400	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	11.65 bp	91.9 bp −$92	367.9 bp −$3,679	doesn't fit	doesn't fit

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	+0.0033%	1h	1.0580	−0.351%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0094%	4h	1.0619	+0.016%	$281K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0620	+0.025%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0646	+0.270%	$36K	$43K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0624	+0.063%	$256K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0626	+0.080%	$72K	$17K	10x	as long as short
Binance AXSUSDTlong	+0.0100%	4h	1.0617	long leg	$5.9M	$10.9M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0623	+0.054%	$3.6M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0619	+0.016%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDTshort	+0.0100%	8h	1.0625	+0.072%	$840K	$535K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0619	+0.016%	$11.5M	$705K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0630	+0.119%	$586K	$290K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0610	−0.069%	$3.1M	$1.2M	50x	as long as short
Variational Omni AXS	+0.0100%	8h	1.0623	+0.049%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0620	+0.025%	$760K	$888K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0629	+0.110%	$2K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0618	+0.006%	$758	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0616	−0.015%	$8K	$251K	10x	as long as short
BingX AXS-USDT	+0.0200%	4h	1.0621	+0.035%	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.0651%	1h	1.0632	+0.141%	$145K	$350K	20x	as long as short