Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.005%

Price spread now: Variational Omni against BloFin+0.007%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AXS-USDT	1.0595	0.0091	pay 0.0045% / 4h	3h 28m	$281K	$29K	75x
Short	Variational Omni AXS	1.0596	0.0100	get 0.0100% / 8h	7h 28m	$36K	$953	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $1.91
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.39
Costs to cover: 0.120%
Break-even: 41.5 days

Slippage unknown: BloFin: live order book, 28 min ago; Variational Omni: no order-book sample. 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 BloFin live order book, 28 min ago	4.22 bp	14.9 bp −$15	30.1 bp −$301	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.142%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDTlong	+0.0091%	4h	1.0595	long leg	$281K	$29K	75x
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0590	−0.047%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0616	+0.198%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0595	+0.002%	$254K	$706K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0594	−0.010%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0591	−0.041%	$5.9M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0594	−0.009%	$3.6M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0590	−0.047%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0591	−0.038%	$837K	$524K	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	1.0584	−0.104%	$11.5M	$714K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0590	−0.047%	$584K	$278K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0590	−0.047%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0589	−0.057%	—	$2.6M	—	as long as short
Variational Omni AXSshort	+0.0100%	8h	1.0596	+0.007%	$36K	$953	—
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0595	0.000%	$758K	$852K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0590	−0.047%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0594	−0.009%	$768	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0587	−0.073%	$9K	$250K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0469%	1h	1.0604	+0.089%	$145K	$339K	20x	as long as short