Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against SoDEX+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 SoDEX Short on Binance

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AXS-USD	1.0731	0.0100	pay 0.0013% / 1h	18m 04s	$768	$3K	5x
Short	Binance AXSUSDT	1.0732	0.0100	get 0.0050% / 4h	1h 18m	$6.0M	$10.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.69
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 7 min ago. 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 Binance live order book, 7 min ago	0.93 bp	15.5 bp −$15	42.8 bp −$428	doesn't fit	doesn't fit

SoDEX: 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	−0.1014%	1h	1.0580	−1.407%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0077%	4h	1.0730	−0.009%	$278K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0740	+0.084%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0740	+0.084%	$263K	$700K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0737	+0.058%	$73K	$17K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0732	+0.007%	$6.0M	$10.8M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0733	+0.019%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0731	0.000%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0731	0.000%	$849K	$630K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0732	+0.009%	$11.6M	$695K	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	1.0740	+0.084%	$588K	$288K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0730	−0.009%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0733	+0.019%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0733	+0.015%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0730	−0.010%	$769K	$881K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0729	−0.019%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0731	long leg	$768	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0729	−0.016%	$7K	$228K	10x	as long as short
Lighter AXS	+0.0264%	1h	1.0761	+0.280%	$37K	$39K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0378%	1h	1.0745	+0.126%	$141K	$342K	20x	as long as short