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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against OKX+0.038%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$900.898% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.038%, 7d avg +0.024%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AXS-USDT-SWAP1.06550.0100pay 0.0050% / 4h8m 25s$1.4M$3.0M20x
ShortBybit AXSUSDT1.06590.0100get 0.0100% / 8h8m 25s$3.7M$4.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.038% → +0.024%
$1.38
Slippage, 4 orders
−$68.76
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$88.38
Costs to cover
0.898%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.94 bp20.8 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.35 bp26.8 bp −$27131.0 bp −$1,310doesn't fitdoesn't fit

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%1h1.0580−0.704%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0650−0.047%$3K10xas long as short
Lighter AXS+0.0096%1h1.0680+0.235%$36K$43K5xas long as short
BloFin AXS-USDT+0.0097%4h1.0653−0.019%$279K$29K75xas long as short
Hyperliquid AXS+0.0100%1h1.0657+0.019%$256K$705K5xas long as short
Aster AXSUSDT+0.0100%4h1.0656+0.012%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.0657+0.019%$6.0M$10.9M75xas long as short
Bybit AXSUSDTshort+0.0100%8h1.0659+0.038%$3.7M$4.3M75x
OKX AXS-USDT-SWAPlong+0.0100%4h1.0655long leg$1.4M$3.0M20x
Gate AXS_USDT+0.0100%8h1.0662+0.066%$843K$535K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0657+0.019%$11.5M$706K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0660+0.047%$588K$280K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0650−0.047%$3.1M$1.2M50xas long as short
Variational Omni AXS+0.0100%8h1.0650−0.045%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0650−0.047%$763K$888K10xas long as short
SunX AXS-USDT+0.0100%4h1.0661+0.056%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0658+0.028%$766$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0654−0.008%$8K$251K10xas long as short
BingX AXS-USDT+0.0200%4h1.0658+0.028%$2.6Mas long as short
Kraken Futures PF_AXSUSD+0.0649%1h1.0668+0.123%$145K$349K20xas long as short