Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bybit−0.056%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$900.897% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.056%, 7d avg −0.030%

Together, before fees+0.120%+$12 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: Bitget is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0656	0.0100	pay 0.0100% / 8h	7h 38m	$3.7M	$4.3M	75x
Short	Bitget AXSUSDT	1.0650	0.0100	get 0.0050% / 4h	3h 38m	$3.1M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.030%: −$2.64
Slippage, 4 orders: −$66.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$92.35
Costs to cover: 0.897%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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 Bybit live order book, 5 min ago	0.94 bp	21.5 bp −$21	99.1 bp −$991	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.69 bp	19.5 bp −$20	48.7 bp −$487	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	1.0580	−0.713%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0650	−0.056%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0673	+0.160%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0654	−0.019%	$255K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0654	−0.018%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0655	−0.014%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0656	long leg	$3.7M	$4.3M	75x
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0656	0.000%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0661	+0.047%	$843K	$524K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0651	−0.047%	$11.5M	$706K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0650	−0.056%	$588K	$278K	50x	as long as short
Bitget AXSUSDTshort	+0.0100%	4h	1.0650	−0.056%	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0654	−0.019%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0657	+0.007%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0678	+0.205%	$765K	$851K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0646	−0.094%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0650	−0.056%	$780	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0652	−0.041%	$7K	$246K	10x	as long as short
BloFin AXS-USDT	+0.0153%	4h	1.0648	−0.075%	$279K	$29K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0466%	1h	1.0665	+0.083%	$145K	$341K	20x	as long as short