Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+0.090%7-day average +0.049% · you sell dearer than you buy

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.090%, 7d avg +0.049%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · farm board+$5 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 0.041% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AXS-USD	1.0655	0.0104	pay 0.0013% / 1h	5m 51s	$7K	$156K	10x
Short	SunX AXS-USDT	1.0665	0.0100	get 0.0050% / 4h	1h 05m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$0.84
Price spread: +0.090% → +0.049%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.69
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 10 min ago; SunX: live order book, 8 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 Extended live order book, 10 min ago	1.88 bp	19.2 bp −$19	202.0 bp −$2,020	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	500.49 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
Kraken Futures PF_AXSUSD	−0.0475%	1h	1.0667	+0.107%	$139K	$308K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.607%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0075%	4h	1.0650	−0.050%	$3K	—	10x	as long as short
OKX AXS-USDT-SWAP	+0.0093%	4h	1.0655	−0.003%	$1.4M	$2.7M	20x	as long as short
Lighter AXS	+0.0096%	1h	1.0676	+0.194%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0659	+0.034%	$262K	$296K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0659	+0.029%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0656	+0.005%	$6.0M	$9.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0653	−0.022%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0653	−0.022%	$958K	$1.0M	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	1.0658	+0.025%	$11.2M	$730K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0650	−0.050%	$603K	$301K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0650	−0.050%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0650	−0.050%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0629	−0.251%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0636	−0.181%	$756K	$875K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0665	+0.090%	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0656	+0.006%	$695	$3K	5x	as long as short
Extended AXS-USDlong	+0.0104%	1h	1.0655	long leg	$7K	$156K	10x
BloFin AXS-USDT	+0.0159%	4h	1.0652	−0.032%	$273K	$17K	75x	as long as short