Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against Bitget−0.019%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.048%+$5 · spread now −0.019%, 7d avg +0.016%

Together, before fees+0.083%+$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: BingX is 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0660	0.0100	pay 0.0050% / 4h	2h 20m	$3.1M	$1.2M	50x
Short	BingX AXS-USDT	1.0658	0.0100	get 0.0050% / 4h	2h 20m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.016%: −$3.46
Slippage, 4 orders: −$59.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.73
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 9 min ago.

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 Bitget live order book, 2 min ago	9.38 bp	22.4 bp −$22	47.1 bp −$471	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.70 bp	16.8 bp −$17	46.0 bp −$460	333.9 bp −$33.4K	451.9 bp −$226.0K

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	−0.0337%	1h	1.0670	+0.090%	$140K	$322K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.563%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0077%	4h	1.0660	0.000%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0083%	4h	1.0661	+0.009%	$272K	$30K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0682	+0.206%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0664	+0.038%	$262K	$291K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0661	+0.009%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0662	+0.022%	$5.9M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0655	−0.047%	$3.2M	$3.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0657	−0.028%	$1.4M	$2.7M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0656	−0.038%	$961K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0658	−0.019%	$11.1M	$764K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0660	0.000%	$575K	$291K	50x	as long as short
Bitget AXSUSDTlong	+0.0100%	4h	1.0660	long leg	$3.1M	$1.2M	50x
BingX AXS-USDTshort	+0.0100%	4h	1.0658	−0.019%	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0661	+0.011%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0660	0.000%	$760K	$914K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0658	−0.019%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0659	−0.009%	$708	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0661	+0.009%	$7K	$156K	10x	as long as short