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

AXS

all AXS markets
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: Hyperliquid against KuCoin+0.056%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2102.101% 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)+0.050%+$5 · spread now +0.056%, 7d avg +0.074%
Together, before fees+0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AXSUSDTM1.06300.0100pay 0.0050% / 4h1h 13m$588K$297K50x
ShortHyperliquid AXS1.06360.0100get 0.0013% / 1h13m 29s$262K$297K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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: +0.056% → +0.074%
−$1.8
Slippage, 4 orders
−$189.06
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$211.85
Costs to cover
2.101%
Break-even
never at this rate
Slippage from KuCoin: live order book, 59 min ago; Hyperliquid: live order book, 56 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 KuCoin live order book, 59 min ago9.42 bp73.4 bp −$73369.8 bp −$3,698doesn't fitdoesn't fit
Sell Hyperliquid live order book, 56 min ago2.83 bp23.8 bp −$24doesn't fitdoesn'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−0.0476%1h1.0643+0.125%$139K$306K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720+0.847%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0075%4h1.06300.000%$3K10xas long as short
OKX AXS-USDT-SWAP+0.0076%4h1.0629−0.009%$1.4M$2.7M20xas long as short
Lighter AXS+0.0096%1h1.0655+0.235%$28K$36K5xas long as short
Hyperliquid AXSshort+0.0100%1h1.0636+0.056%$262K$297K5x
Aster AXSUSDT+0.0100%4h1.0635+0.048%$72K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0626−0.042%$5.9M$9.2M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0626−0.038%$3.2M$3.6M75xas long as short
Gate AXS_USDT+0.0100%8h1.0635+0.047%$957K$1.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0625−0.047%$11.1M$729K50xas long as short
KuCoin AXSUSDTMlong+0.0100%4h1.0630long leg$588K$297K50x
Bitget AXSUSDT+0.0100%4h1.06300.000%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0631+0.009%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0626−0.036%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.06300.000%$759K$862K10xas long as short
SunX AXS-USDT+0.0100%4h1.0640+0.094%$1K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.06300.000%$692$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0625−0.048%$7K$156K10xas long as short
BloFin AXS-USDT+0.0114%4h1.0638+0.075%$272K$17K75xas long as short