Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against SunX+0.102%7-day average −0.004% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.102%, 7d avg −0.004%

Together, before fees−0.126%−$13 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: BingX is 0.106% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0744	0.0100	pay 0.0050% / 4h	3h 26m	$1K	$1.3M	20x
Short	BingX AXS-USDT	1.0755	0.0100	get 0.0050% / 4h	3h 26m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → −0.004%: $10.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; BingX: live order book, 8 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, 8 min ago	500.44 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.66 bp	18.0 bp −$18	43.4 bp −$434	324.7 bp −$32.5K	454.0 bp −$227.0K

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	−0.223%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0760	+0.149%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0760	+0.149%	$261K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0761	+0.163%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0747	+0.024%	$6.1M	$10.4M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0753	+0.084%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0741	−0.028%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0755	+0.102%	$854K	$898K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0750	+0.056%	$11.5M	$696K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0760	+0.149%	$603K	$283K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AXSUSDT	+0.0100%	4h	1.0750	+0.056%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDTshort	+0.0100%	4h	1.0755	+0.102%	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0776	+0.294%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0760	+0.148%	$769K	$893K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0744	long leg	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0752	+0.074%	$742	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0743	−0.007%	$8K	$238K	10x	as long as short
BloFin AXS-USDT	+0.0116%	4h	1.0753	+0.084%	$275K	$26K	75x	as long as short
Lighter AXS	+0.0160%	1h	1.0784	+0.372%	$37K	$39K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0212%	1h	1.0754	+0.093%	$141K	$344K	20x	as long as short