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 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Aster against Lighter−0.289%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.289% cheaper against Lighter than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.07490.0096pay 0.0012% / 1h19m 45s$33K$41K5x
ShortAster AXSUSDT1.07180.0100get 0.0050% / 4h19m 45s$73K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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
$0.84
Price spread: −0.289% → 0.000%
−$28.85
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$36.01
Costs to cover
0.080%
Break-even
307.1 days
Slippage unknown: Lighter: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Aster no order-book sample
Lighter and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0720−0.270%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0093%4h1.0720−0.270%$3K10xas long as short
Lighter AXSlong+0.0096%1h1.0749long leg$33K$41K5x
Hyperliquid AXS+0.0100%1h1.0726−0.214%$258K$309K5xas long as short
Aster AXSUSDTshort+0.0100%4h1.0718−0.289%$73K$14K10x
Binance AXSUSDT+0.0100%4h1.0722−0.251%$6.1M$10.3M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0728−0.195%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0719−0.279%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0715−0.316%$853K$900K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0724−0.233%$11.4M$670K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0720−0.270%$600K$298K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0720−0.270%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0725−0.223%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0728−0.195%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0712−0.344%$762K$900K10xas long as short
SunX AXS-USDT+0.0100%4h1.0728−0.195%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0723−0.242%$747$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0719−0.277%$10K$244K10xas long as short
BloFin AXS-USDT+0.0136%4h1.0721−0.260%$274K$24K75xas long as short
Kraken Futures PF_AXSUSD+0.0438%1h1.0734−0.136%$139K$340K20xas long as short