Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX+0.108%56s7-day average — · you sell dearer than you buy

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

Long on SunX Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.108% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0615	0.0100	pay 0.0050% / 4h	2h 10m	$2K	$1.3M	20x
Short	Aster AXSUSDT	1.0626	0.0100	get 0.0050% / 4h	2h 10m	$72K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → 0.000%: $10.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.21
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; 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 SunX live order book, 3 min ago	492.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Kraken Futures PF_AXSUSD	−0.0338%	1h	1.0626	+0.101%	$139K	$322K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.989%	$5	$47K	5.5x	as long as short
OKX AXS-USDT-SWAP	+0.0054%	4h	1.0623	+0.075%	$1.4M	$2.7M	20x	as long as short
BloFin AXS-USDT	+0.0069%	4h	1.0611	−0.038%	$272K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0075%	4h	1.0610	−0.047%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0644	+0.273%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0622	+0.066%	$261K	$293K	5x	as long as short
Aster AXSUSDTshort	+0.0100%	4h	1.0626	+0.108%	$72K	$11K	10x
Binance AXSUSDT	+0.0100%	4h	1.0622	+0.063%	$5.9M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0617	+0.019%	$3.2M	$3.6M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0640	+0.236%	$959K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0621	+0.057%	$11.1M	$764K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0630	+0.141%	$583K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0620	+0.047%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0620	+0.047%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0610	−0.050%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0630	+0.140%	$759K	$907K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0615	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0614	−0.009%	$704	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0617	+0.015%	$7K	$156K	10x	as long as short