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% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget−0.009%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2302.299% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.009%, 7d avg +0.035%

Together, before fees+0.159%+$16 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 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0800	0.0100	pay 0.0050% / 4h	3h 51m	$3.1M	$1.2M	50x
Short	Gate AXS_USDT	1.0799	0.0100	get 0.0100% / 8h	3h 51m	$859K	$896K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.035%: −$4.4
Slippage, 4 orders: −$202.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$234.33
Costs to cover: 2.299%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 50 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 Bitget live order book, 1 min ago	4.63 bp	24.4 bp −$24	59.0 bp −$590	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	1.41 bp	84.1 bp −$84	374.1 bp −$3,741	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	−0.741%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0800	0.000%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0806	+0.056%	$261K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0800	−0.004%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0798	−0.018%	$6.1M	$10.4M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0802	+0.019%	$3.8M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0793	−0.065%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDTshort	+0.0100%	8h	1.0799	−0.009%	$859K	$896K	50x
MEXC AXS_USDT	+0.0100%	4h	1.0798	−0.019%	$11.6M	$694K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0800	0.000%	$605K	$287K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AXSUSDTlong	+0.0100%	4h	1.0800	long leg	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0796	−0.037%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0779	−0.193%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0750	−0.463%	$768K	$901K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0799	−0.009%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0801	+0.009%	$754	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0796	−0.036%	$8K	$244K	10x	as long as short
BloFin AXS-USDT	+0.0148%	4h	1.0809	+0.083%	$279K	$25K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0211%	1h	1.0803	+0.032%	$140K	$342K	20x	as long as short
Lighter AXS	+0.0376%	1h	1.0827	+0.250%	$33K	$34K	5x	as long as short