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% APRpaid last 24h 0.000%

Price spread now: SoDEX against Bybit+0.009%56s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0771	0.0100	pay 0.0100% / 8h	4h 12m	$3.7M	$4.2M	75x
Short	SoDEX AXS-USD	1.0772	0.0100	get 0.0013% / 1h	12m 24s	$752	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; SoDEX: no order-book sample. 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 Bybit live order book, 5 min ago	1.86 bp	22.1 bp −$22	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.473%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0770	−0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0791	+0.186%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0772	+0.009%	$260K	$310K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0770	−0.007%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0769	−0.019%	$6.1M	$10.4M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0771	long leg	$3.7M	$4.2M	75x
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0765	−0.056%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0766	−0.046%	$857K	$902K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0763	−0.074%	$11.4M	$675K	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	1.0770	−0.009%	$603K	$298K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0770	−0.009%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0766	−0.046%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0751	−0.189%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0772	+0.012%	$767K	$900K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0762	−0.084%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0772	+0.009%	$752	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0767	−0.036%	$10K	$244K	10x	as long as short
BloFin AXS-USDT	+0.0131%	4h	1.0765	−0.056%	$274K	$25K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0436%	1h	1.0774	+0.026%	$139K	$341K	20x	as long as short