Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0039%/8hnext payment +$0.20 per $10,000 · paid last 24h +0.023%

Price spread now: Bitget against Orderly0.000%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AXS_USDC	1.0610	0.0061	pay 0.0030% / 4h	6m 59s	$3K	—	10x
Short	Bitget AXSUSDT	1.0610	0.0100	get 0.0050% / 4h	6m 59s	$3.1M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8.22
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.78
Costs to cover: 0.180%
Break-even: 15.3 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	9.44 bp	28.5 bp −$28	62.6 bp −$626	doesn't fit	doesn't fit

Orderly: 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	1.0720	+1.037%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDClong	+0.0061%	4h	1.0610	long leg	$3K	—	10x
Lighter AXS	+0.0096%	1h	1.0623	+0.123%	$28K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0604	−0.057%	$262K	$294K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0609	−0.010%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0604	−0.058%	$5.9M	$9.5M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0601	−0.085%	$3.2M	$3.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0602	−0.075%	$1.4M	$2.8M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0601	−0.085%	$956K	$1.5M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0601	−0.085%	$11.0M	$858K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0610	0.000%	$594K	$283K	50x	as long as short
Bitget AXSUSDTshort	+0.0100%	4h	1.0610	0.000%	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0607	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0597	−0.118%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0590	−0.187%	$746K	$924K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0611	+0.009%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0604	−0.057%	$743	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0600	−0.094%	$7K	$156K	10x	as long as short
BloFin AXS-USDT	+0.0114%	4h	1.0605	−0.047%	$273K	$30K	75x	as long as short
Kraken Futures PF_AXSUSD	+0.0253%	1h	1.0616	+0.059%	$139K	$323K	20x	as long as short