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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC+0.205%7-day average +0.028% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.205%, 7d avg +0.028%

Together, before fees−0.113%−$11 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 0.177% dearer against MEXC than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AXS_USDT	1.0754	0.0100	pay 0.0050% / 4h	3h 24m	$11.4M	$743K	50x
Short	SunX AXS-USDT	1.0776	0.0100	get 0.0050% / 4h	3h 24m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.205%Rate

Funding earned: $0
Price spread: +0.205% → +0.028%: $17.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.66
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; SunX: live order book, 9 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 MEXC live order book, 3 min ago	1.39 bp	4.6 bp −$5	22.5 bp −$225	58.0 bp −$5,803	90.8 bp −$45.4K
Sell SunX live order book, 9 min ago	500.51 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
Kraken Futures PF_AXSUSD	−0.0260%	1h	1.0786	+0.301%	$146K	$326K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.316%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0082%	4h	1.0770	+0.149%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0777	+0.214%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0757	+0.028%	$268K	$305K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0762	+0.076%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0758	+0.033%	$6.1M	$9.7M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0764	+0.093%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0754	0.000%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0762	+0.074%	$953K	$939K	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_USDTlong	+0.0100%	4h	1.0754	long leg	$11.4M	$743K	50x
KuCoin AXSUSDTM	+0.0100%	4h	1.0760	+0.056%	$622K	$308K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0760	+0.056%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0766	+0.112%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0777	+0.211%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0768	+0.126%	$764K	$879K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0776	+0.205%	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0768	+0.130%	$714	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0759	+0.042%	$7K	$260K	10x	as long as short
BloFin AXS-USDT	+0.0158%	4h	1.0774	+0.186%	$279K	$16K	75x	as long as short