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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BingX−0.040%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$680.684% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.040%, 7d avg −0.013%
Together, before fees−0.022%−$2 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: Binance is 0.027% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AXS-USDT1.06760.0100pay 0.0050% / 4h2h 18m$2.6M
ShortBinance AXSUSDT1.06720.0100get 0.0050% / 4h2h 18m$6.0M$9.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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
Price spread: −0.040% → −0.013%
−$2.74
Slippage, 4 orders
−$48.42
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$71.16
Costs to cover
0.684%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago4.69 bp18.4 bp −$1842.0 bp −$420346.4 bp −$34.6K458.6 bp −$229.3K
Sell Binance live order book, 15 min ago0.47 bp15.7 bp −$1647.1 bp −$471doesn't fitdoesn't fit

AXS on 20 exchanges

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%1h1.0580−0.899%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0045%4h1.0662−0.131%$283K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0093%4h1.0670−0.056%$3K10xas long as short
Lighter AXS+0.0096%1h1.0692+0.150%$36K$42K5xas long as short
Hyperliquid AXS+0.0100%1h1.0668−0.075%$254K$694K5xas long as short
Aster AXSUSDT+0.0100%4h1.0673−0.032%$72K$16K10xas long as short
Binance AXSUSDTshort+0.0100%4h1.0672−0.040%$6.0M$9.9M75x
Bybit AXSUSDT+0.0100%8h1.0673−0.028%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0674−0.019%$1.5M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0674−0.019%$840K$392K50xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0655−0.197%$11.5M$644K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0660−0.150%$587K$262K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0680+0.037%$3.1M$1.1M50xas long as short
BingX AXS-USDTlong+0.0100%4h1.0676long leg$2.6M
Variational Omni AXS+0.0100%8h1.0669−0.063%$36K$725as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0662−0.130%$761K$836K10xas long as short
SunX AXS-USDT+0.0100%4h1.0681+0.047%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0675−0.009%$789$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0668−0.076%$12K$252K10xas long as short
Kraken Futures PF_AXSUSD+0.0622%1h1.0690+0.127%$146K$328K20xas long as short