Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX−0.047%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.047%, 7d avg −0.003%

Together, before fees+0.174%+$17 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: Binance is 0.044% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AXS-USDT-SWAP	1.0636	0.0100	pay 0.0050% / 4h	1h 49m	$1.4M	$2.8M	20x
Short	Binance AXSUSDT	1.0631	0.0100	get 0.0050% / 4h	1h 49m	$5.9M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.003%: −$4.42
Slippage, 4 orders: −$49.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.16
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 13 min ago.

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 OKX live order book, 5 min ago	1.41 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.41 bp	15.7 bp −$16	44.5 bp −$445	doesn't fit	doesn't fit

AXS on 20 exchanges

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
SoDEX AXS-USD	−0.0045%	1h	1.0633	−0.028%	$420	$3K	5x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0580	−0.527%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0091%	4h	1.0630	−0.056%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0656	+0.188%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0633	−0.028%	$252K	$682K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0642	+0.055%	$72K	$16K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0631	−0.047%	$5.9M	$9.6M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0637	+0.009%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAPlong	+0.0100%	4h	1.0636	long leg	$1.4M	$2.8M	20x
Gate AXS_USDT	+0.0100%	8h	1.0642	+0.056%	$838K	$296K	50x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0630	−0.056%	$11.5M	$621K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0650	+0.132%	$587K	$238K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0640	+0.038%	$3.1M	$1.1M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0632	−0.038%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0635	−0.011%	$38K	$2K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0642	+0.057%	$756K	$810K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0642	+0.056%	$2K	$1.2M	20x	as long as short
BloFin AXS-USDT	+0.0103%	4h	1.0626	−0.094%	$288K	$29K	75x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0630	−0.061%	$8K	$253K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0193%	1h	1.0648	+0.113%	$145K	$316K	20x	as long as short