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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Lighter+0.205%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.205% dearer against Lighter than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.06160.0096pay 0.0012% / 1h31m 12s$36K$42K5x
ShortVariational Omni AXS1.06380.0100get 0.0100% / 8h7h 31m$36K$953

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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
$0.84
Price spread: +0.205% → 0.000%
$20.48
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$21.32
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Variational Omni no order-book sample
Lighter and Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0580−0.339%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0088%4h1.0586−0.283%$281K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0590−0.245%$3K10xas long as short
Lighter AXSlong+0.0096%1h1.0616long leg$36K$42K5x
Hyperliquid AXS+0.0100%1h1.0597−0.176%$254K$706K5xas long as short
Aster AXSUSDT+0.0100%4h1.0596−0.193%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.0594−0.207%$5.9M$10.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0598−0.170%$3.6M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0595−0.198%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0597−0.179%$837K$524K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0595−0.198%$11.5M$714K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0590−0.245%$584K$277K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0600−0.151%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0591−0.235%$2.6Mas long as short
Variational Omni AXSshort+0.0100%8h1.0638+0.205%$36K$953
GRVT AXS_USDT_Perp+0.0100%4h1.0630+0.130%$761K$852K10xas long as short
SunX AXS-USDT+0.0100%4h1.0591−0.235%$1K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0589−0.254%$768$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0587−0.272%$9K$250K10xas long as short
Kraken Futures PF_AXSUSD+0.0469%1h1.0605−0.100%$145K$339K20xas long as short