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

AXS

all AXS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against OKX+0.028%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$880.878% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.028%, 7d avg +0.022%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AXS-USDT-SWAP1.06770.0100pay 0.0050% / 4h2h 44m$1.4M$2.9M20x
ShortBybit AXSUSDT1.06800.0100get 0.0100% / 8h6h 44m$3.7M$4.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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: +0.028% → +0.022%
$0.56
Slippage, 4 orders
−$66.8
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$87.24
Costs to cover
0.878%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago1.87 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.40 bp24.7 bp −$2573.2 bp −$732doesn'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%1h1.0720+0.403%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0078%4h1.0670−0.066%$3K10xas long as short
BloFin AXS-USDT+0.0090%4h1.0691+0.131%$275K$18K75xas long as short
Lighter AXS+0.0096%1h1.0697+0.187%$28K$36K5xas long as short
Hyperliquid AXS+0.0100%1h1.0672−0.047%$259K$313K5xas long as short
Aster AXSUSDT+0.0100%4h1.0682+0.044%$73K$14K10xas long as short
Binance AXSUSDT+0.0100%4h1.0673−0.037%$6.0M$10.0M75xas long as short
Bybit AXSUSDTshort+0.0100%8h1.0680+0.028%$3.7M$4.2M75x
OKX AXS-USDT-SWAPlong+0.0100%4h1.0677long leg$1.4M$2.9M20x
Gate AXS_USDT+0.0100%8h1.0672−0.047%$852K$992K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0669−0.075%$11.3M$725K50xas long as short
KuCoin AXSUSDTM+0.0100%4h1.0680+0.028%$601K$312K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0680+0.028%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0679+0.019%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0674−0.030%$36K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0692+0.137%$759K$892K10xas long as short
SunX AXS-USDT+0.0100%4h1.0673−0.037%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0670−0.066%$710$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0666−0.103%$7K$241K10xas long as short
Kraken Futures PF_AXSUSD+0.0358%1h1.0683+0.060%$146K$333K20xas long as short