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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRnext payment $0.03 per $10,000 · paid last 24h −0.016%
Price spread now: Orderly against Aster−0.085%49s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · 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 0.085% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster AXSUSDT1.07690.0100pay 0.0050% / 4h3h 28m$73K$14K10x
ShortOrderly PERP_AXS_USDC1.07600.0093get 0.0047% / 4h3h 28m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$1.42
Price spread: −0.085% → 0.000%
−$8.53
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$23.95
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aster: 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 Aster no order-book sample
Sell Orderly no order-book sample
Aster 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%1h1.0720−0.457%$5$47K5.5xas long as short
Orderly PERP_AXS_USDCshort+0.0093%4h1.0760−0.085%$3K10x
BloFin AXS-USDT+0.0097%4h1.0756−0.122%$277K$26K75xas long as short
Hyperliquid AXS+0.0100%1h1.0770+0.008%$261K$309K5xas long as short
Aster AXSUSDTlong+0.0100%4h1.0769long leg$73K$14K10x
Binance AXSUSDT+0.0100%4h1.0766−0.030%$6.1M$10.4M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0767−0.020%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0764−0.048%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0759−0.095%$855K$897K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0766−0.030%$11.5M$696K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0760−0.085%$603K$283K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0760−0.085%$3.1M$1.1M50xas long as short
BingX AXS-USDT+0.0100%4h1.0763−0.057%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0776+0.060%$37K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0756−0.125%$769K$893K10xas long as short
SunX AXS-USDT+0.0100%4h1.0755−0.132%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0763−0.057%$740$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0759−0.097%$8K$238K10xas long as short
Lighter AXS+0.0176%1h1.0791+0.203%$37K$39K5xas long as short
Kraken Futures PF_AXSUSD+0.0212%1h1.0775+0.050%$141K$344K20xas long as short