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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.066%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$830.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.066%, 7d avg +0.070%
Together, before fees+0.246%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 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: Hyperliquid is 0.136% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AXSUSDT1.06700.0100pay 0.0050% / 4h1h 57m$3.1M$1.1M50x
ShortHyperliquid AXS1.06630.0100get 0.0013% / 1h57m 56s$253K$684K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: −0.066% → +0.070%
−$13.6
Slippage, 4 orders
−$62.26
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$96.87
Costs to cover
0.833%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Hyperliquid: live order book, 50 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 Bitget live order book, 3 min ago4.68 bp10.7 bp −$1142.7 bp −$427doesn't fitdoesn't fit
Sell Hyperliquid live order book, 50 min ago1.88 bp22.6 bp −$23doesn't fitdoesn't fitdoesn't fit

AXS on 20 exchanges

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%1h1.0580−0.843%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0091%4h1.0660−0.094%$3K10xas long as short
Lighter AXS+0.0096%1h1.0687+0.159%$36K$42K5xas long as short
Hyperliquid AXSshort+0.0100%1h1.0663−0.066%$253K$684K5x
Aster AXSUSDT+0.0100%4h1.0669−0.012%$72K$16K10xas long as short
Binance AXSUSDT+0.0100%4h1.0663−0.066%$6.0M$9.7M75xas long as short
Bybit AXSUSDT+0.0100%8h1.06700.000%$3.7M$4.1M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0662−0.075%$1.4M$2.8M20xas long as short
Gate AXS_USDT+0.0100%8h1.0676+0.056%$840K$296K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0660−0.094%$11.5M$618K50xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.06700.000%$588K$238K50xas long as short
Bitget AXSUSDTlong+0.0100%4h1.0670long leg$3.1M$1.1M50x
BingX AXS-USDT+0.0100%4h1.0671+0.009%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0679+0.089%$38K$2Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0673+0.027%$759K$821K10xas long as short
SunX AXS-USDT+0.0100%4h1.0668−0.019%$2K$1.2M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0661−0.084%$408$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0657−0.123%$8K$253K10xas long as short
BloFin AXS-USDT+0.0139%4h1.0672+0.019%$287K$29K75xas long as short
Kraken Futures PF_AXSUSD+0.0193%1h1.0678+0.073%$146K$316K20xas long as short