Settings8H · net · $10k
Funding arb · Price arb /

AXS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Hyperliquid+0.141%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2162.156% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.141%, 7d avg −0.039%
Together, before fees−0.139%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: Gate is 0.180% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AXS1.06520.0100pay 0.0013% / 1h37m 46s$261K$293K5x
ShortGate AXS_USDT1.06670.0100get 0.0100% / 8h1h 37m$960K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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

Funding earned
$0
Price spread: +0.141% → −0.039%
$17.98
Slippage, 4 orders
−$191.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$197.67
Costs to cover
2.156%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 32 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 32 min ago2.83 bp23.9 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago8.91 bp90.1 bp −$90238.3 bp −$2,383doesn't fitdoesn't fit

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0475%1h1.0667+0.142%$140K$315K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.638%$5$47K5.5xas long as short
BloFin AXS-USDT+0.0046%4h1.0658+0.056%$271K$17K75xas long as short
OKX AXS-USDT-SWAP+0.0052%4h1.0647−0.047%$1.4M$2.7M20xas long as short
Orderly PERP_AXS_USDC+0.0069%4h1.0670+0.169%$3K10xas long as short
Lighter AXS+0.0096%1h1.0672+0.188%$28K$36K5xas long as short
Hyperliquid AXSlong+0.0100%1h1.0652long leg$261K$293K5x
Aster AXSUSDT+0.0100%4h1.0663+0.104%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0648−0.038%$6.0M$9.2M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0650−0.019%$3.2M$3.6M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AXS_USDTshort+0.0100%8h1.0667+0.141%$960K$1.0M50x
MEXC AXS_USDT+0.0100%4h1.0649−0.028%$11.1M$721K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0660+0.075%$582K$294K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0660+0.075%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0668+0.150%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0654+0.021%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0650−0.018%$760K$870K10xas long as short
SunX AXS-USDT+0.0100%4h1.0658+0.056%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0659+0.066%$680$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0646−0.058%$7K$156K10xas long as short