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: SunX against Bybit+0.131%7-day average −0.024% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.131%, 7d avg −0.024%

Together, before fees−0.033%−$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 0.156% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0668	0.0100	pay 0.0100% / 8h	4h 39m	$3.7M	$4.2M	75x
Short	SunX AXS-USDT	1.0682	0.0100	get 0.0050% / 4h	39m 56s	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.024%: $15.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.45
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SunX: live order book, 4 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 Bybit live order book, 3 min ago	1.41 bp	21.7 bp −$22	126.6 bp −$1,266	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.66 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
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.487%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0080%	4h	1.0661	−0.066%	$275K	$24K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0670	+0.019%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0693	+0.234%	$32K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0669	+0.013%	$257K	$312K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0669	+0.009%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0660	−0.077%	$6.1M	$10.2M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0668	long leg	$3.7M	$4.2M	75x
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0659	−0.084%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0668	0.000%	$849K	$898K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0662	−0.056%	$11.3M	$668K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0660	−0.075%	$598K	$300K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0660	−0.075%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0665	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0669	+0.010%	$36K	$2K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0652	−0.153%	$759K	$887K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0682	+0.131%	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0666	−0.019%	$746	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0659	−0.088%	$7K	$243K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0440%	1h	1.0671	+0.030%	$139K	$348K	20x	as long as short