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: Binance against SunX−0.092%46s7-day average −0.012% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.092%, 7d avg −0.012%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.080% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 46 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	1.0816	0.0100	pay 0.0050% / 4h	21m 28s	$1K	$1.3M	20x
Short	Binance AXSUSDT	1.0806	0.0100	get 0.0050% / 4h	21m 28s	$6.1M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.012%: −$8.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.03
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Binance: live order book, 3 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 SunX live order book, 3 min ago	500.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.46 bp	15.0 bp −$15	41.6 bp −$416	doesn't fit	doesn't fit

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	−0.0238%	1h	1.0821	+0.042%	$141K	$314K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.888%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0080%	4h	1.0810	−0.055%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0830	+0.129%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0814	−0.018%	$266K	$300K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0809	−0.067%	$75K	$12K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0806	−0.092%	$6.1M	$9.6M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0821	+0.046%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0810	−0.055%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0814	−0.018%	$973K	$1.0M	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_USDT	+0.0100%	4h	1.0806	−0.092%	$11.5M	$750K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0800	−0.148%	$612K	$307K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0810	−0.055%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0808	−0.074%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0810	−0.058%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0781	−0.321%	$770K	$892K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0816	long leg	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0812	−0.037%	$707	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0805	−0.105%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0107%	4h	1.0789	−0.250%	$275K	$17K	75x	as long as short