AXS

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.217%

7d average—if it closes, per $10,000$22funding while held, a day−$0.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AXS	1.0608	0.0100	pay 0.0013% / 1h	37m 41s	$265K	$295K	5x
Short	Lighter AXS	1.0631	0.0096	get 0.0012% / 1h	37m 41s	$28K	$41K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee HyperliquidbpFee LighterbpOrdersClose when spread is

Spread captured: $21.68
Funding while held: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $12.56
Spread needed to break even: 0.090%

Slippage unknown: Hyperliquid: live order book, 13 min ago; Lighter: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0004%
Per $10,000 a day: −$0.12
Average in range /8h: —

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 Hyperliquid live order book, 13 min ago	1.89 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AXS price on every exchange

against the cheapest. Click to use as the short leg.

SunX1.0597cheapest KuCoin1.0600+0.028%Gate1.0601+0.038%SoDEX1.0603+0.057%Aster1.0604+0.063%Extended1.0605+0.077%Binance1.0606+0.088%Variational Omni1.0607+0.094%

Hyperliquid1.0608+0.104%

Bybit1.0608+0.104%MEXC1.0608+0.104%Bitget1.0610+0.123%Orderly1.0610+0.123%BloFin1.0611+0.132%OKX1.0612+0.142%BingX1.0612+0.142%Kraken Futures1.0619+0.207%

Lighter1.0631+0.321%

Injective1.0720+1.161%

AXS on 19 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX AXS-USDT	−0.104%	+0.0100%	4h	$2K	$1.3M	20x	as long as short
KuCoin AXSUSDTM	−0.075%	+0.0100%	4h	$594K	$281K	50x	as long as short
Gate AXS_USDT	−0.066%	+0.0100%	8h	$967K	$1.5M	50x	as long as short
SoDEX AXS-USD	−0.047%	+0.0100%	1h	$730	$3K	5x	as long as short
Aster AXSUSDT	−0.041%	+0.0100%	4h	$72K	$11K	10x	as long as short
Extended AXS-USD	−0.027%	+0.0104%	1h	$7K	$156K	10x	as long as short
Binance AXSUSDT	−0.016%	+0.0100%	4h	$5.9M	$9.5M	75x	as long as short
Variational Omni AXS	−0.010%	+0.0100%	8h	$36K	$4K	—	as long as short
Hyperliquid AXSlong	0.000%	+0.0100%	1h	$265K	$295K	5x
Bybit AXSUSDT	0.000%	+0.0100%	8h	$3.2M	$3.7M	75x	as long as short

Show all 19 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC AXS_USDT	0.000%	+0.0100%	4h	$10.6M	$794K	50x	as long as short
Bitget AXSUSDT	+0.019%	+0.0100%	4h	$3.1M	$1.2M	50x	as long as short
Orderly PERP_AXS_USDC	+0.019%	+0.0049%	4h	$3K	$33	10x	as long as short
BloFin AXS-USDT	+0.028%	+0.0090%	4h	$272K	$32K	75x	as long as short
OKX AXS-USDT-SWAP	+0.038%	+0.0100%	4h	$1.4M	$2.9M	20x	as long as short
BingX AXS-USDT	+0.038%	+0.0100%	4h	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.103%	+0.0397%	1h	$140K	$338K	20x	as long as short
Lighter AXSshort	+0.217%	+0.0096%	1h	$28K	$41K	5x
Injective AXS/USDC PERP	+1.056%	+0.0033%	1h	$5	$47K	5.5x	as long as short