Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.176%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2042.043% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.176%, 7d avg −0.036%

Together, before fees+0.116%+$12 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: Binance is 0.140% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AXS_USDT	1.0720	0.0100	pay 0.0100% / 8h	40m 01s	$848K	$535K	50x
Short	Binance AXSUSDT	1.0701	0.0100	get 0.0050% / 4h	40m 01s	$6.0M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.176%Rate

Funding earned: $0
Price spread: −0.176% → −0.036%: −$14.04
Slippage, 4 orders: −$179.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$218.35
Costs to cover: 2.043%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; Binance: live order book, 15 min ago.

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 Gate live order book, 47 min ago	11.65 bp	82.1 bp −$82	379.6 bp −$3,796	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.40 bp	18.2 bp −$18	48.3 bp −$483	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	1.0580	−1.306%	$1K	$48K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	1.0731	+0.103%	$37K	$43K	5x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0700	−0.187%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0704	−0.147%	$258K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0719	−0.012%	$73K	$17K	10x	as long as short
Binance AXSUSDTshort	+0.0100%	4h	1.0701	−0.176%	$6.0M	$10.9M	75x
Bybit AXSUSDT	+0.0100%	8h	1.0715	−0.047%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0702	−0.168%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDTlong	+0.0100%	8h	1.0720	long leg	$848K	$535K	50x
MEXC AXS_USDT	+0.0100%	4h	1.0701	−0.177%	$11.5M	$693K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0710	−0.093%	$587K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0700	−0.187%	$3.1M	$1.2M	50x	as long as short
Variational Omni AXS	+0.0100%	8h	1.0718	−0.019%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0710	−0.095%	$763K	$886K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0707	−0.121%	$2K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0702	−0.168%	$760	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0698	−0.205%	$8K	$251K	10x	as long as short
BloFin AXS-USDT	+0.0143%	4h	1.0712	−0.075%	$279K	$30K	75x	as long as short
BingX AXS-USDT	+0.0200%	4h	1.0712	−0.075%	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.0646%	1h	1.0713	−0.063%	$145K	$350K	20x	as long as short