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: Variational Omni against MEXC+0.007%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AXS_USDT	1.0764	0.0100	pay 0.0050% / 4h	1h 30m	$11.4M	$707K	50x
Short	Variational Omni AXS	1.0765	0.0100	get 0.0100% / 8h	5h 30m	$37K	$3K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.26
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: 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 MEXC live order book, 2 min ago	0.47 bp	4.0 bp −$4	27.6 bp −$276	61.6 bp −$6,158	116.9 bp −$58.5K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	1.0720	−0.409%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0089%	4h	1.0760	−0.037%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0789	+0.232%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0766	+0.019%	$259K	$312K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0752	−0.108%	$74K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0762	−0.019%	$6.1M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0774	+0.093%	$3.8M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0761	−0.028%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0755	−0.084%	$857K	$953K	50x	as long as short
MEXC AXS_USDTlong	+0.0100%	4h	1.0764	long leg	$11.4M	$707K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0750	−0.130%	$603K	$301K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0760	−0.037%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0761	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXSshort	+0.0100%	8h	1.0765	+0.007%	$37K	$3K	—
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0740	−0.223%	$771K	$886K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0753	−0.102%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0765	+0.009%	$745	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0762	−0.019%	$7K	$245K	10x	as long as short
BloFin AXS-USDT	+0.0147%	4h	1.0767	+0.028%	$278K	$23K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0359%	1h	1.0772	+0.073%	$145K	$336K	20x	as long as short