Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Aster−0.009%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AXSUSDT	1.0827	0.0100	pay 0.0050% / 4h	1m 27s	$74K	$12K	10x
Short	Gate AXS_USDT	1.0826	0.0100	get 0.0100% / 8h	1m 27s	$975K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.93
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 1 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 Aster no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	9.70 bp	74.5 bp −$75	274.1 bp −$2,741	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AXSUSD	−0.0238%	1h	1.0830	+0.028%	$142K	$315K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.988%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0063%	4h	1.0807	−0.185%	$274K	$17K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0080%	4h	1.0830	+0.028%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0851	+0.222%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0832	+0.046%	$266K	$297K	5x	as long as short
Aster AXSUSDTlong	+0.0100%	4h	1.0827	long leg	$74K	$12K	10x
Binance AXSUSDT	+0.0100%	4h	1.0827	0.000%	$6.1M	$9.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0839	+0.111%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0824	−0.028%	$1.4M	$3.0M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDTshort	+0.0100%	8h	1.0826	−0.009%	$975K	$1.0M	50x
MEXC AXS_USDT	+0.0100%	4h	1.0823	−0.037%	$11.5M	$753K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0830	+0.028%	$614K	$304K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0830	+0.028%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0824	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0786	−0.378%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0775	−0.478%	$764K	$906K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0827	0.000%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0821	−0.055%	$725	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0822	−0.042%	$7K	$156K	10x	as long as short