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

AXS

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SwapBacktest
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 0.000%
Price spread now: OKX against Bitget0.000%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$900.897% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 7 days+0.003%$0 · spread now 0.000%, 7d avg +0.005%
Together, before fees−0.154%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AXSUSDT1.07700.0100pay 0.0050% / 4h3h 28m$3.2M$1.2M50x
ShortOKX AXS-USDT-SWAP1.07700.0100get 0.0050% / 4h3h 28m$1.4M$3.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: 0.000% → +0.005%
−$0.54
Slippage, 4 orders
−$67.74
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$90.28
Costs to cover
0.897%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago4.64 bp23.7 bp −$2441.0 bp −$410doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.32 bp22.5 bp −$23doesn't fitdoesn't fitdoesn't fit

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0261%1h1.0780+0.094%$146K$325K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720−0.464%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0082%4h1.07700.000%$3K10xas long as short
Lighter AXS+0.0096%1h1.0801+0.288%$29K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0777+0.065%$269K$306K5xas long as short
Aster AXSUSDT+0.0100%4h1.0780+0.096%$74K$12K10xas long as short
Binance AXSUSDT+0.0100%4h1.0769−0.006%$6.1M$9.6M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0776+0.056%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAPshort+0.0100%4h1.07700.000%$1.4M$3.0M20x
Gate AXS_USDT+0.0100%8h1.0776+0.056%$970K$904K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0765−0.046%$11.4M$743K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.07700.000%$623K$308K50xas long as short
Bitget AXSUSDTlong+0.0100%4h1.0770long leg$3.2M$1.2M50x
BingX AXS-USDT+0.0100%4h1.07700.000%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0774+0.036%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.07700.000%$764K$891K10xas long as short
SunX AXS-USDT+0.0100%4h1.0785+0.139%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0765−0.046%$718$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0767−0.030%$7K$260K10xas long as short
BloFin AXS-USDT+0.0152%4h1.0764−0.056%$277K$17K75xas long as short