Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin+0.047%7-day average +0.005% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.047%, 7d avg +0.005%

Together, before fees+0.027%+$3 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: SunX is 0.042% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.

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	36m 56s	$597K	$300K	50x
Short	SunX AXS-USDT	1.0645	0.0100	get 0.0050% / 4h	36m 56s	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.005%: $4.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 47 min ago; SunX: live order book, 7 min ago. 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, 47 min ago	4.64 bp	102.8 bp −$103	459.9 bp −$4,599	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	1.0720	+0.752%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0044%	4h	1.0648	+0.075%	$274K	$24K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0640	0.000%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0672	+0.301%	$32K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0647	+0.066%	$256K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0637	−0.028%	$72K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0642	+0.021%	$6.0M	$10.2M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0652	+0.113%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0647	+0.066%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0637	−0.028%	$847K	$899K	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%	$11.3M	$668K	50x	as long as short
KuCoin AXSUSDTMlong	+0.0100%	4h	1.0640	long leg	$597K	$300K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0630	−0.094%	$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	1.0669	+0.273%	$36K	$2K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0666	+0.240%	$759K	$887K	10x	as long as short
SunX AXS-USDTshort	+0.0100%	4h	1.0645	+0.047%	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0642	+0.019%	$744	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0636	−0.034%	$7K	$239K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0441%	1h	1.0655	+0.141%	$138K	$348K	20x	as long as short