Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX−0.093%7-day average +0.025% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.093%, 7d avg +0.025%

Together, before fees−0.030%−$3 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: Gate is 0.118% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0722	0.0100	pay 0.0050% / 4h	23m 48s	$2K	$1.3M	20x
Short	Gate AXS_USDT	1.0712	0.0100	get 0.0100% / 8h	4h 23m	$853K	$900K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.025%: −$11.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.81
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Gate: live order book, 18 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, 11 min ago	500.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	1.41 bp	84.1 bp −$84	374.1 bp −$3,741	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
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.019%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0710	−0.112%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0750	+0.261%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0727	+0.047%	$258K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0708	−0.131%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0718	−0.037%	$6.1M	$10.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0727	+0.047%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0719	−0.028%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDTshort	+0.0100%	8h	1.0712	−0.093%	$853K	$900K	50x
MEXC AXS_USDT	+0.0100%	4h	1.0727	+0.047%	$11.4M	$670K	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	1.0720	−0.019%	$600K	$298K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0720	−0.019%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0716	−0.056%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0717	−0.051%	$36K	$2K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0710	−0.113%	$761K	$899K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0722	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0719	−0.028%	$749	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0717	−0.045%	$10K	$244K	10x	as long as short
BloFin AXS-USDT	+0.0113%	4h	1.0711	−0.103%	$274K	$24K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0438%	1h	1.0731	+0.088%	$140K	$339K	20x	as long as short