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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.019%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2342.339% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.019%, 7d avg −0.013%
Together, before fees−0.173%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AXSUSDTM1.06600.0100pay 0.0050% / 4h9m 55s$588K$280K50x
ShortOKX AXS-USDT-SWAP1.06580.0100get 0.0050% / 4h9m 55s$1.4M$3.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.019% → −0.013%
−$0.57
Slippage, 4 orders
−$211.92
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$234.5
Costs to cover
2.339%
Break-even
never at this rate
Slippage from KuCoin: live order book, 24 min ago; OKX: live order book, 2 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, 24 min ago4.69 bp70.7 bp −$71554.0 bp −$5,540doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.94 bp17.0 bp −$17doesn'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
Injective AXS/USDC PERP+0.0033%1h1.0580−0.750%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0082%4h1.0654−0.056%$279K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.06600.000%$3K10xas long as short
Lighter AXS+0.0096%1h1.0688+0.263%$36K$43K5xas long as short
Hyperliquid AXS+0.0100%1h1.0665+0.047%$256K$705K5xas long as short
Aster AXSUSDT+0.0100%4h1.0663+0.026%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.0659−0.009%$6.0M$10.9M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0661+0.009%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAPshort+0.0100%4h1.0658−0.019%$1.4M$3.0M20x
Gate AXS_USDT+0.0100%8h1.0651−0.084%$842K$535K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0671+0.103%$11.6M$706K50xas long as short
KuCoin AXSUSDTMlong+0.0100%4h1.0660long leg$588K$280K50x
Bitget AXSUSDT+0.0100%4h1.06600.000%$3.1M$1.2M50xas long as short
Variational Omni AXS+0.0100%8h1.0650−0.092%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0653−0.062%$763K$888K10xas long as short
SunX AXS-USDT+0.0100%4h1.0670+0.094%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0667+0.066%$768$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0656−0.037%$8K$251K10xas long as short
BingX AXS-USDT+0.0200%4h1.0659−0.009%$2.6Mas long as short
Kraken Futures PF_AXSUSD+0.0649%1h1.0674+0.136%$145K$349K20xas long as short