Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.003%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AXS-USD	1.0754	0.0100	pay 0.0013% / 1h	30m 22s	$744	$3K	5x
Short	Aster AXSUSDT	1.0754	0.0100	get 0.0050% / 4h	1h 30m	$74K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → 0.000%: $0.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

SoDEX and Aster: 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	−0.316%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0089%	4h	1.0760	+0.056%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0789	+0.325%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0766	+0.112%	$259K	$312K	5x	as long as short
Aster AXSUSDTshort	+0.0100%	4h	1.0754	+0.003%	$74K	$14K	10x
Binance AXSUSDT	+0.0100%	4h	1.0754	+0.003%	$6.1M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0769	+0.139%	$3.8M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0750	−0.037%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0756	+0.019%	$857K	$953K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0766	+0.112%	$11.4M	$707K	50x	as long as short

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	−0.037%	$603K	$301K	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	1.0758	+0.037%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0765	+0.100%	$37K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0740	−0.131%	$771K	$886K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0759	+0.046%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0754	long leg	$744	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0755	+0.009%	$7K	$245K	10x	as long as short
BloFin AXS-USDT	+0.0147%	4h	1.0767	+0.121%	$278K	$23K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0360%	1h	1.0763	+0.084%	$145K	$336K	20x	as long as short