Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against SoDEX+0.019%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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	1.0720	0.0100	pay 0.0013% / 1h	57m 13s	$789	$3K	5x
Short	MEXC AXS_USDT	1.0722	0.0100	get 0.0050% / 4h	2h 57m	$11.6M	$634K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → 0.000%: $1.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$10.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.93 bp	4.5 bp −$5	34.4 bp −$344	53.6 bp −$5,359	98.4 bp −$49.2K

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	+0.0033%	1h	1.0580	−1.306%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0720	0.000%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0751	+0.289%	$37K	$42K	5x	as long as short
BloFin AXS-USDT	+0.0099%	4h	1.0709	−0.103%	$280K	$29K	75x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0731	+0.103%	$257K	$702K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0718	−0.021%	$73K	$15K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0718	−0.015%	$6.0M	$10.5M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0731	+0.103%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0726	+0.056%	$1.5M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0725	+0.047%	$847K	$389K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDTshort	+0.0100%	4h	1.0722	+0.019%	$11.6M	$634K	50x
KuCoin AXSUSDTM	+0.0100%	4h	1.0720	0.000%	$592K	$268K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0730	+0.093%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0726	+0.056%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0736	+0.145%	$37K	$840	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0732	+0.114%	$769K	$857K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0715	−0.047%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0720	long leg	$789	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0715	−0.050%	$7K	$249K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0619%	1h	1.0741	+0.198%	$147K	$341K	20x	as long as short