Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Aster+0.020%7-day average — · you sell dearer than you buy

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

Long on Aster Short on SunX

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 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	1.0586	0.0100	pay 0.0050% / 4h	2h 31m	$72K	$14K	10x
Short	SunX AXS-USDT	1.0588	0.0100	get 0.0050% / 4h	2h 31m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → 0.000%: $1.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	500.19 bp	doesn't fit	doesn't fit	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
Injective AXS/USDC PERP	+0.0033%	1h	1.0580	−0.056%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0075%	4h	1.0592	+0.058%	$276K	$30K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0595	+0.086%	$36K	$39K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0566	−0.188%	$393K	$472K	5x	as long as short
Aster AXSUSDTlong	+0.0100%	4h	1.0586	long leg	$72K	$14K	10x
Binance AXSUSDT	+0.0100%	4h	1.0578	−0.075%	$6.0M	$10.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0586	+0.001%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0581	−0.046%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0590	+0.039%	$839K	$829K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0584	−0.018%	$11.3M	$671K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0600	+0.133%	$587K	$286K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0590	+0.039%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0596	+0.095%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0640	+0.514%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0620	+0.322%	$753K	$885K	10x	as long as short
Orderly PERP_AXS_USDC	+0.0100%	4h	1.0580	−0.056%	$3K	—	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0588	+0.020%	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0583	−0.027%	$747	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0576	−0.091%	$7K	$223K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0418%	1h	1.0594	+0.077%	$141K	$350K	20x	as long as short