Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget−0.103%7-day average +0.010% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.103%, 7d avg +0.010%

Together, before fees+0.180%+$18 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 0.113% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0680	0.0100	pay 0.0050% / 4h	2h 47m	$3.1M	$1.2M	50x
Short	SunX AXS-USDT	1.0669	0.0100	get 0.0050% / 4h	2h 47m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.010%: −$11.3
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; SunX: live order book, 7 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 Bitget live order book, 5 min ago	4.68 bp	28.6 bp −$29	64.3 bp −$643	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.77 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	1.0720	+0.375%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0078%	4h	1.0670	−0.094%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0090%	4h	1.0691	+0.103%	$275K	$18K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0700	+0.187%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0682	+0.019%	$259K	$313K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0684	+0.040%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0683	+0.028%	$6.0M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0688	+0.075%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0681	+0.009%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0674	−0.056%	$852K	$992K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0680	0.000%	$11.3M	$725K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0690	+0.094%	$602K	$312K	50x	as long as short
Bitget AXSUSDTlong	+0.0100%	4h	1.0680	long leg	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0682	+0.019%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0695	+0.144%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0692	+0.109%	$759K	$892K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0669	−0.103%	$1K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0675	−0.047%	$709	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0678	−0.017%	$7K	$241K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0358%	1h	1.0687	+0.063%	$146K	$333K	20x	as long as short