Funding arb · Price arb /

AXS

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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 −0.005%

Price spread now: SunX against BingX−0.057%7-day average +0.005% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.057%, 7d avg +0.005%

Together, before fees+0.081%+$8 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: SunX is 0.062% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AXS-USDT	1.0580	0.0100	pay 0.0050% / 4h	2h 28m	—	$2.6M	—
Short	SunX AXS-USDT	1.0574	0.0100	get 0.0050% / 4h	2h 28m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BingXbpFee SunXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.005%: −$6.16
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; SunX: live order book, 6 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 BingX live order book, 7 min ago	4.71 bp	17.5 bp −$18	40.2 bp −$402	344.0 bp −$34.4K	484.2 bp −$242.1K
Sell SunX live order book, 6 min ago	500.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.000%	$1K	$48K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	1.0590	+0.095%	$36K	$39K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0575	−0.047%	$398K	$477K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0574	−0.057%	$72K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0574	−0.057%	$6.0M	$10.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0580	0.000%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0576	−0.038%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0573	−0.066%	$837K	$829K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0575	−0.047%	$11.3M	$672K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0580	0.000%	$586K	$286K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AXSUSDT	+0.0100%	4h	1.0580	0.000%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDTlong	+0.0100%	4h	1.0580	long leg	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0591	+0.107%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0588	+0.079%	$750K	$885K	10x	as long as short
Orderly PERP_AXS_USDC	+0.0100%	4h	1.0570	−0.095%	$3K	—	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0574	−0.057%	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0570	−0.095%	$746	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0563	−0.159%	$7K	$223K	10x	as long as short
BloFin AXS-USDT	+0.0111%	4h	1.0586	+0.057%	$276K	$30K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0418%	1h	1.0579	−0.009%	$140K	$350K	20x	as long as short