Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against KuCoin0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXSUSDTM	1.0640	0.0100	pay 0.0050% / 4h	2h 54m	$588K	$265K	50x
Short	SoDEX AXS-USD	1.0640	0.0100	get 0.0013% / 1h	54m 09s	$785	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee KuCoinbpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 30 min ago; SoDEX: no order-book sample. Net counts fees only.

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 KuCoin live order book, 30 min ago	4.69 bp	90.8 bp −$91	532.9 bp −$5,329	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	−0.564%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0053%	4h	1.0702	+0.583%	$283K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0640	0.000%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0665	+0.235%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0639	−0.009%	$255K	$699K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0638	−0.017%	$72K	$15K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0633	−0.070%	$5.9M	$10.5M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0632	−0.075%	$3.6M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0647	+0.066%	$1.5M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0636	−0.038%	$840K	$389K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0642	+0.019%	$11.5M	$636K	50x	as long as short
KuCoin AXSUSDTMlong	+0.0100%	4h	1.0640	long leg	$588K	$265K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0640	0.000%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0637	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0713	+0.690%	$36K	$783	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0710	+0.658%	$766K	$858K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0645	+0.047%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USDshort	+0.0100%	1h	1.0640	0.000%	$785	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0636	−0.034%	$7K	$247K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0623%	1h	1.0661	+0.196%	$145K	$340K	20x	as long as short