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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.013%
Price spread now: Orderly against Variational Omni−0.449%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.449% cheaper against Variational Omni than usual: you would sell low and buy high, −$45 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni AXS1.06380.0100pay 0.0100% / 8h7h 31m$36K$953
ShortOrderly PERP_AXS_USDC1.05900.0094get 0.0047% / 4h3h 31m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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
−$1.23
Price spread: −0.449% → 0.000%
−$44.88
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$52.11
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Orderly: 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 Variational Omni no order-book sample
Sell Orderly no order-book sample
Variational Omni and Orderly: 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+0.0033%1h1.0580−0.543%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0055%4h1.0597−0.383%$279K$29K75xas long as short
Orderly PERP_AXS_USDCshort+0.0094%4h1.0590−0.449%$3K10x
Lighter AXS+0.0096%1h1.0616−0.204%$36K$42K5xas long as short
Hyperliquid AXS+0.0100%1h1.0597−0.385%$254K$706K5xas long as short
Aster AXSUSDT+0.0100%4h1.0595−0.401%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.0590−0.449%$5.9M$10.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0595−0.402%$3.6M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0591−0.439%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0599−0.364%$838K$524K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0592−0.430%$11.5M$714K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0590−0.449%$584K$277K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0590−0.449%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0593−0.421%$2.6Mas long as short
Variational Omni AXSlong+0.0100%8h1.0638long leg$36K$953
GRVT AXS_USDT_Perp+0.0100%4h1.0630−0.075%$761K$852K10xas long as short
SunX AXS-USDT+0.0100%4h1.0591−0.439%$1K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0589−0.458%$768$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0587−0.476%$9K$250K10xas long as short
Kraken Futures PF_AXSUSD+0.0469%1h1.0605−0.304%$145K$339K20xas long as short