Settings8H · net · $10k
Funding arb · Price arb /

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX+0.412%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.412% dearer against SunX than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX AXS-USDT1.06690.0100pay 0.0050% / 4h1h 29m$1K$1.4M20x
ShortLighter AXS1.07130.0232get 0.0029% / 1h29m 33s$36K$39K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$27.72
Price spread: +0.412% → 0.000%
$41.24
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$60.96
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: SunX: live order book, 5 min ago; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago500.84 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP−0.1014%1h1.0580−0.834%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0097%4h1.0670+0.009%$3K10xas long as short
Hyperliquid AXS+0.0100%1h1.0696+0.253%$263K$700K5xas long as short
Aster AXSUSDT+0.0100%4h1.0693+0.226%$72K$18K10xas long as short
Binance AXSUSDT+0.0100%4h1.0686+0.163%$6.0M$10.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0688+0.178%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0682+0.122%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0685+0.150%$846K$630K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0682+0.122%$11.5M$687K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0670+0.009%$585K$289K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AXSUSDT+0.0100%4h1.0690+0.197%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0685+0.150%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0673+0.034%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0664−0.048%$764K$892K10xas long as short
SunX AXS-USDTlong+0.0100%4h1.0669long leg$1K$1.4M20x
SoDEX AXS-USD+0.0100%1h1.0674+0.047%$763$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0686+0.161%$7K$228K10xas long as short
BloFin AXS-USDT+0.0106%4h1.0672+0.028%$279K$30K75xas long as short
Lighter AXSshort+0.0232%1h1.0713+0.412%$36K$39K5x
Kraken Futures PF_AXSUSD+0.0380%1h1.0692+0.211%$141K$344K20xas long as short