Settings8H · net · $10k
Funding arb · Price arb /

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter+0.019%7-day average · you sell dearer than you buy
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 3 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 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.06080.0096pay 0.0012% / 1h23m 33s$36K$39K5x
ShortSoDEX AXS-USD1.06100.0100get 0.0013% / 1h23m 33s$749$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.019% → 0.000%
$1.89
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$5.27
Costs to cover
0.080%
Break-even
51.0 days
Slippage unknown: Lighter: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell SoDEX no order-book sample
Lighter and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0580−0.264%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0078%4h1.0584−0.226%$277K$30K75xas long as short
Lighter AXSlong+0.0096%1h1.0608long leg$36K$39K5x
Orderly PERP_AXS_USDC+0.0097%4h1.0610+0.019%$3K10xas long as short
Hyperliquid AXS+0.0100%1h1.0581−0.255%$416K$497K5xas long as short
Aster AXSUSDT+0.0100%4h1.0597−0.107%$72K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0587−0.198%$5.9M$10.7M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0597−0.104%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0588−0.189%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0598−0.094%$839K$829K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0587−0.198%$11.3M$673K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0600−0.075%$580K$288K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0600−0.075%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0591−0.160%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0578−0.285%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0599−0.086%$751K$886K10xas long as short
SunX AXS-USDT+0.0100%4h1.0612+0.038%$2K$1.4M20xas long as short
SoDEX AXS-USDshort+0.0100%1h1.0610+0.019%$749$3K5x
Extended AXS-USD+0.0104%1h1.0591−0.157%$7K$223K10xas long as short
Kraken Futures PF_AXSUSD+0.0417%1h1.0616+0.072%$141K$351K20xas long as short