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: SunX against Binance+0.197%46s7-day average +0.012% · you sell dearer than you buy

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

Long on Binance Short on SunX

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)−0.144%−$14 · spread now +0.197%, 7d avg +0.012%

Together, before fees−0.129%−$13 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: SunX is 0.185% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXSUSDT	1.0698	0.0100	pay 0.0050% / 4h	2h 49m	$6.1M	$10.4M	75x
Short	SunX AXS-USDT	1.0719	0.0100	get 0.0050% / 4h	2h 49m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.197%Rate

Funding earned: $0
Price spread: +0.197% → +0.012%: $18.52
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.52
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Binance: live order book, 5 min ago; 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 Binance live order book, 5 min ago	1.40 bp	15.5 bp −$16	41.8 bp −$418	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.33 bp	doesn't fit	doesn't fit	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	1.0720	+0.206%	$5	$47K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	1.0727	+0.272%	$36K	$39K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0704	+0.057%	$259K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0699	+0.007%	$73K	$14K	10x	as long as short
Binance AXSUSDTlong	+0.0100%	4h	1.0698	long leg	$6.1M	$10.4M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0698	+0.001%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0695	−0.027%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0703	+0.047%	$850K	$826K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0695	−0.027%	$11.5M	$663K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0700	+0.019%	$598K	$283K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AXSUSDT	+0.0100%	4h	1.0700	+0.019%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0704	+0.057%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0724	+0.240%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0720	+0.205%	$770K	$894K	10x	as long as short
Orderly PERP_AXS_USDC	+0.0100%	4h	1.0710	+0.113%	$3K	—	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0719	+0.197%	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0703	+0.047%	$754	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0695	−0.026%	$7K	$223K	10x	as long as short
BloFin AXS-USDT	+0.0160%	4h	1.0718	+0.188%	$277K	$28K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0413%	1h	1.0713	+0.140%	$140K	$347K	20x	as long as short