Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Hyperliquid+0.001%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AXS	1.0681	0.0100	pay 0.0013% / 1h	19m 24s	$421K	$499K	5x
Short	Aster AXSUSDT	1.0681	0.0100	get 0.0050% / 4h	2h 19m	$73K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → 0.000%: $0.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.95
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 50 min ago; Aster: 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 Hyperliquid live order book, 50 min ago	1.40 bp	18.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	1.0580	−0.946%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0094%	4h	1.0631	−0.468%	$278K	$30K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0698	+0.159%	$36K	$39K	5x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0690	+0.084%	$3K	—	10x	as long as short
Hyperliquid AXSlong	+0.0100%	1h	1.0681	long leg	$421K	$499K	5x
Aster AXSUSDTshort	+0.0100%	4h	1.0681	+0.001%	$73K	$15K	10x
Binance AXSUSDT	+0.0100%	4h	1.0689	+0.071%	$6.0M	$10.7M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0689	+0.075%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0688	+0.066%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0675	−0.056%	$845K	$829K	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	1.0684	+0.028%	$11.4M	$673K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0690	+0.084%	$584K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0690	+0.084%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0688	+0.066%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0638	−0.406%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0590	−0.852%	$760K	$896K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0696	+0.140%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0680	−0.009%	$754	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0686	+0.043%	$10K	$228K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0414%	1h	1.0688	+0.066%	$142K	$351K	20x	as long as short