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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against OKX+0.260%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 5 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.260% dearer against OKX than usual: you sell high and buy low, +$26 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AXS-USDT-SWAP1.07630.0100pay 0.0050% / 4h13m 26s$1.4M$3.0M20x
ShortLighter AXS1.07910.0096get 0.0012% / 1h13m 26s$33K$41K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.260% → 0.000%
$26.02
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$15.18
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 4 min ago; Lighter: 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 OKX live order book, 4 min ago1.86 bp18.9 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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%1h1.0720−0.400%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0093%4h1.0770+0.065%$3K10xas long as short
Lighter AXSshort+0.0096%1h1.0791+0.260%$33K$41K5x
Hyperliquid AXS+0.0100%1h1.0768+0.046%$260K$310K5xas long as short
Aster AXSUSDT+0.0100%4h1.0760−0.027%$73K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0768+0.046%$6.1M$10.4M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0761−0.019%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAPlong+0.0100%4h1.0763long leg$1.4M$3.0M20x
Gate AXS_USDT+0.0100%8h1.07630.000%$856K$902K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0764+0.009%$11.4M$675K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0760−0.028%$603K$298K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0770+0.065%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0766+0.028%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0751−0.115%$37K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0772+0.086%$767K$900K10xas long as short
SunX AXS-USDT+0.0100%4h1.0764+0.009%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0762−0.009%$751$3K5xas long as short
BloFin AXS-USDT+0.0100%4h1.0776+0.121%$275K$25K75xas long as short
Extended AXS-USD+0.0104%1h1.0757−0.056%$10K$244K10xas long as short
Kraken Futures PF_AXSUSD+0.0436%1h1.0764+0.010%$139K$341K20xas long as short