Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit+0.019%7-day average −0.028% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.019%, 7d avg −0.028%

Together, before fees+0.073%+$7 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 0.047% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXSUSDT	1.0556	0.0100	pay 0.0100% / 8h	5h 06m	$3.6M	$3.3M	75x
Short	SunX AXS-USDT	1.0558	0.0100	get 0.0050% / 4h	1h 06m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.028%: $4.68
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; SunX: live order book, 10 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 Bybit live order book, 4 min ago	1.42 bp	22.0 bp −$22	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	498.65 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

AXS on 20 exchanges

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	+0.227%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0086%	4h	1.0550	−0.057%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0578	+0.208%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0557	+0.009%	$249K	$679K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0556	−0.004%	$72K	$16K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0552	−0.038%	$5.9M	$8.9M	75x	as long as short
Bybit AXSUSDTlong	+0.0100%	8h	1.0556	long leg	$3.6M	$3.3M	75x
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0551	−0.047%	$1.4M	$2.6M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0553	−0.028%	$828K	$298K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0557	+0.009%	$11.4M	$644K	50x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0550	−0.057%	$582K	$224K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0550	−0.057%	$3.1M	$924K	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0551	−0.047%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0554	−0.016%	$39K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0554	−0.021%	$751K	$793K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0558	+0.019%	$2K	$1.1M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0552	−0.038%	$465	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0549	−0.068%	$8K	$251K	10x	as long as short
BloFin AXS-USDT	+0.0122%	4h	1.0550	−0.057%	$286K	$29K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0195%	1h	1.0565	+0.082%	$145K	$323K	20x	as long as short