Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: SunX against BingX+0.046%7-day average +0.004% · you sell dearer than you buy

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.046%, 7d avg +0.004%

Together, before fees−0.032%−$3 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 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AXS-USDT	1.0771	0.0100	pay 0.0050% / 4h	3h 25m	—	$2.6M	—
Short	SunX AXS-USDT	1.0776	0.0100	get 0.0050% / 4h	3h 25m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BingXbpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.004%: $4.21
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; SunX: live order book, 8 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 BingX live order book, 9 min ago	4.18 bp	18.0 bp −$18	41.7 bp −$417	380.0 bp −$38.0K	509.1 bp −$254.5K
Sell SunX live order book, 8 min ago	500.51 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
Kraken Futures PF_AXSUSD	−0.0260%	1h	1.0787	+0.149%	$146K	$325K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.473%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0043%	4h	1.0760	−0.102%	$278K	$16K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0082%	4h	1.0770	−0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0792	+0.195%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0769	−0.019%	$269K	$306K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0771	−0.003%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0771	−0.001%	$6.1M	$9.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0773	+0.019%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0765	−0.056%	$1.4M	$3.0M	20x	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	1.0770	−0.009%	$970K	$904K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0768	−0.028%	$11.4M	$743K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0770	−0.009%	$623K	$308K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0770	−0.009%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDTlong	+0.0100%	4h	1.0771	long leg	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0777	+0.053%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0770	−0.009%	$764K	$891K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0776	+0.046%	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0769	−0.019%	$713	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0768	−0.028%	$7K	$260K	10x	as long as short