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% APRpaid last 24h 0.000%

Price spread now: Aster against Bybit+0.009%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0630	0.0100	pay 0.0100% / 8h	1h 27m	$3.2M	$3.6M	75x
Short	Aster AXSUSDT	1.0631	0.0100	get 0.0050% / 4h	1h 27m	$72K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.11
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Aster: 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 Bybit live order book, 5 min ago	2.35 bp	27.4 bp −$27	92.0 bp −$920	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Kraken Futures PF_AXSUSD	−0.0476%	1h	1.0636	+0.056%	$139K	$306K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.847%	$5	$47K	5.5x	as long as short
OKX AXS-USDT-SWAP	+0.0038%	4h	1.0632	+0.019%	$1.4M	$2.7M	20x	as long as short
Orderly PERP_AXS_USDC	+0.0067%	4h	1.0640	+0.094%	$3K	—	10x	as long as short
BloFin AXS-USDT	+0.0086%	4h	1.0643	+0.122%	$272K	$17K	75x	as long as short
Lighter AXS	+0.0096%	1h	1.0647	+0.160%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0636	+0.056%	$262K	$297K	5x	as long as short
Aster AXSUSDTshort	+0.0100%	4h	1.0631	+0.009%	$72K	$11K	10x
Binance AXSUSDT	+0.0100%	4h	1.0629	−0.009%	$5.9M	$9.2M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0630	long leg	$3.2M	$3.6M	75x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0631	+0.009%	$957K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0620	−0.094%	$11.1M	$725K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0640	+0.094%	$589K	$297K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0630	0.000%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0629	−0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0633	+0.030%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0630	+0.002%	$759K	$862K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0643	+0.122%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0627	−0.028%	$677	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0623	−0.066%	$7K	$156K	10x	as long as short