Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: SoDEX against Aster−0.014%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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	1.0658	0.0100	pay 0.0050% / 4h	1h 06m	$72K	$11K	10x
Short	SoDEX AXS-USD	1.0656	0.0100	get 0.0013% / 1h	6m 06s	$695	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Aster and SoDEX: 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	−0.0475%	1h	1.0667	+0.087%	$139K	$308K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.586%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0075%	4h	1.0650	−0.071%	$3K	—	10x	as long as short
OKX AXS-USDT-SWAP	+0.0093%	4h	1.0657	−0.005%	$1.4M	$2.7M	20x	as long as short
Lighter AXS	+0.0096%	1h	1.0679	+0.201%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0662	+0.042%	$263K	$296K	5x	as long as short
Aster AXSUSDTlong	+0.0100%	4h	1.0658	long leg	$72K	$11K	10x
Binance AXSUSDT	+0.0100%	4h	1.0657	−0.009%	$6.0M	$9.2M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0653	−0.043%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0652	−0.052%	$958K	$1.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0663	+0.051%	$11.2M	$730K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0650	−0.071%	$603K	$301K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0660	+0.023%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0650	−0.071%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0629	−0.272%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0636	−0.201%	$756K	$875K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0665	+0.070%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0656	−0.014%	$695	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0655	−0.025%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0159%	4h	1.0652	−0.052%	$273K	$17K	75x	as long as short