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: OKX against Gate+0.170%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2312.309% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.170%, 7d avg −0.044%

Together, before fees−0.416%−$42 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: OKX is 0.214% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AXS_USDT	1.0598	0.0100	pay 0.0100% / 8h	7h 25m	$837K	$524K	50x
Short	OKX AXS-USDT-SWAP	1.0616	0.0100	get 0.0050% / 4h	3h 25m	$1.4M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → −0.044%: $21.38
Slippage, 4 orders: −$205.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$209.48
Costs to cover: 2.309%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; OKX: live order book, 1 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, 56 min ago	7.53 bp	97.7 bp −$98	432.6 bp −$4,326	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.89 bp	16.8 bp −$17	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
Injective AXS/USDC PERP	+0.0033%	1h	1.0580	−0.170%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0059%	4h	1.0600	+0.019%	$281K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0600	+0.019%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0620	+0.208%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0596	−0.019%	$253K	$706K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0605	+0.068%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0604	+0.060%	$5.9M	$10.7M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0609	+0.104%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0616	+0.170%	$1.4M	$3.0M	20x
Gate AXS_USDTlong	+0.0100%	8h	1.0598	long leg	$837K	$524K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0597	−0.009%	$11.5M	$714K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0600	+0.019%	$584K	$278K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0600	+0.019%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0609	+0.104%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0596	−0.021%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0595	−0.029%	$758K	$852K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0593	−0.047%	$1K	$1.4M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0594	−0.038%	$770	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0594	−0.038%	$9K	$250K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0469%	1h	1.0603	+0.052%	$144K	$338K	20x	as long as short