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 0.000%

Price spread now: OKX against Bitget−0.093%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$880.881% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.093%, 7d avg +0.007%

Together, before fees−0.127%−$13 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: OKX is 0.100% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0700	0.0100	pay 0.0050% / 4h	1h 02m	$3.1M	$1.2M	50x
Short	OKX AXS-USDT-SWAP	1.0690	0.0100	get 0.0050% / 4h	1h 02m	$1.4M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.007%: −$10.03
Slippage, 4 orders: −$66.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.1
Costs to cover: 0.881%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	4.66 bp	26.4 bp −$26	52.6 bp −$526	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.86 bp	18.7 bp −$19	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	−0.1014%	1h	1.0580	−1.121%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0059%	4h	1.0688	−0.112%	$279K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0700	0.000%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0699	−0.009%	$259K	$703K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0698	−0.018%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0695	−0.043%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0698	−0.019%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0690	−0.093%	$1.4M	$3.0M	20x
Gate AXS_USDT	+0.0100%	8h	1.0698	−0.019%	$847K	$631K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0696	−0.037%	$11.6M	$698K	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	1.0700	0.000%	$587K	$289K	50x	as long as short
Bitget AXSUSDTlong	+0.0100%	4h	1.0700	long leg	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0696	−0.037%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0727	+0.253%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0722	+0.202%	$768K	$875K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0691	−0.084%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0694	−0.056%	$767	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0693	−0.066%	$10K	$232K	10x	as long as short
Lighter AXS	+0.0192%	1h	1.0722	+0.206%	$36K	$43K	5x	as long as short
Kraken Futures PF_AXSUSD	+0.0379%	1h	1.0710	+0.096%	$145K	$346K	20x	as long as short