Funding arb · Price arb /

AXS

all AXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against SoDEX−0.019%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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	SoDEX AXS-USD	1.0684	0.0100	pay 0.0013% / 1h	37m 45s	$761	$3K	5x
Short	Bybit AXSUSDT	1.0682	0.0100	get 0.0100% / 8h	37m 45s	$3.7M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → 0.000%: −$1.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.87
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bybit: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	3.26 bp	25.6 bp −$26	102.7 bp −$1,027	doesn't fit	doesn't fit

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	−0.973%	$1K	$48K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0690	+0.056%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0706	+0.206%	$36K	$43K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0680	−0.037%	$257K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0679	−0.043%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0674	−0.094%	$6.0M	$10.9M	75x	as long as short
Bybit AXSUSDTshort	+0.0100%	8h	1.0682	−0.019%	$3.7M	$4.3M	75x
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0674	−0.094%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0684	0.000%	$845K	$535K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0664	−0.187%	$11.5M	$696K	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	1.0680	−0.037%	$586K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0680	−0.037%	$3.1M	$1.2M	50x	as long as short
Variational Omni AXS	+0.0100%	8h	1.0718	+0.317%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0716	+0.300%	$764K	$876K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0689	+0.047%	$2K	$1.4M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0684	long leg	$761	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0676	−0.074%	$8K	$251K	10x	as long as short
BloFin AXS-USDT	+0.0119%	4h	1.0696	+0.112%	$279K	$30K	75x	as long as short
BingX AXS-USDT	+0.0200%	4h	1.0685	+0.009%	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.0648%	1h	1.0690	+0.057%	$145K	$351K	20x	as long as short