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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: Extended against BingX+0.069%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$680.677% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.069%, 7d avg −0.046%
Together, before fees−0.100%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.115% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AXS-USDT1.07080.0100pay 0.0050% / 4h24m 16s$2.6M
ShortExtended AXS-USD1.07150.0104get 0.0013% / 1h24m 16s$10K$244K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
$0.84
Price spread: +0.069% → −0.046%
$11.5
Slippage, 4 orders
−$52.73
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$55.39
Costs to cover
0.677%
Break-even
468.6 days
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago4.22 bp16.9 bp −$1738.7 bp −$387386.0 bp −$38.6K502.1 bp −$251.1K
Sell Extended live order book, 33 min ago0.98 bp19.6 bp −$20220.8 bp −$2,208doesn't fitdoesn't fit

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+0.112%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0093%4h1.0710+0.019%$3K10xas long as short
Lighter AXS+0.0096%1h1.0750+0.392%$33K$41K5xas long as short
Hyperliquid AXS+0.0100%1h1.0719+0.103%$258K$309K5xas long as short
Aster AXSUSDT+0.0100%4h1.0707−0.013%$73K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0721+0.123%$6.1M$10.3M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0723+0.140%$3.7M$4.2M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0719+0.103%$1.4M$2.9M20xas long as short
Gate AXS_USDT+0.0100%8h1.0710+0.019%$853K$900K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0725+0.159%$11.4M$670K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0710+0.019%$600K$298K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0710+0.019%$3.1M$1.2M50xas long as short
BingX AXS-USDTlong+0.0100%4h1.0708long leg$2.6M
Variational Omni AXS+0.0100%8h1.0717+0.080%$36K$2Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0710+0.017%$761K$899K10xas long as short
SunX AXS-USDT+0.0100%4h1.0722+0.131%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0719+0.103%$749$3K5xas long as short
Extended AXS-USDshort+0.0104%1h1.0715+0.069%$10K$244K10x
BloFin AXS-USDT+0.0113%4h1.0711+0.028%$274K$24K75xas long as short
Kraken Futures PF_AXSUSD+0.0438%1h1.0731+0.219%$140K$339K20xas long as short