Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against SoDEX0.000%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on OKX

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	1.0722	0.0100	pay 0.0013% / 1h	6m 21s	$755	$3K	5x
Short	OKX AXS-USDT-SWAP	1.0722	0.0100	get 0.0050% / 4h	3h 06m	$1.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	2.33 bp	17.7 bp −$18	doesn't fit	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	1.0720	−0.019%	$5	$47K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	1.0758	+0.336%	$37K	$39K	5x	as long as short
BloFin AXS-USDT	+0.0097%	4h	1.0715	−0.065%	$276K	$28K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0730	+0.075%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0733	+0.104%	$260K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0729	+0.070%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0729	+0.062%	$6.1M	$10.4M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0730	+0.075%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0722	0.000%	$1.4M	$2.9M	20x
Gate AXS_USDT	+0.0100%	8h	1.0726	+0.037%	$852K	$898K	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	1.0724	+0.019%	$11.5M	$698K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0730	+0.075%	$601K	$281K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0720	−0.019%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0723	+0.009%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0742	+0.182%	$37K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0722	0.000%	$761K	$882K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0727	+0.047%	$2K	$1.4M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0722	long leg	$755	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0726	+0.034%	$8K	$201K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0212%	1h	1.0739	+0.163%	$141K	$345K	20x	as long as short