Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against SoDEX0.000%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AXS-USD	1.0811	0.0100	pay 0.0013% / 1h	5m 18s	$717	$3K	5x
Short	Variational Omni AXS	1.0811	0.0100	get 0.0100% / 8h	7h 05m	$37K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice 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 Variational Omni: 0 bp × 2 orders: $0
Net: −$8
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

SoDEX 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AXSUSD	−0.0260%	1h	1.0822	+0.102%	$147K	$330K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.842%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0057%	4h	1.0827	+0.148%	$279K	$17K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0079%	4h	1.0810	−0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0830	+0.176%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0807	−0.037%	$266K	$307K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0819	+0.076%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0811	0.000%	$6.1M	$9.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0819	+0.074%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0811	0.000%	$1.4M	$2.9M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0806	−0.046%	$863K	$1.1M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0798	−0.120%	$11.5M	$745K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0820	+0.083%	$611K	$313K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0820	+0.083%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0820	+0.083%	—	$2.6M	—	as long as short
Variational Omni AXSshort	+0.0100%	8h	1.0811	0.000%	$37K	$4K	—
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0812	+0.005%	$771K	$902K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0810	−0.009%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USDlong	+0.0100%	1h	1.0811	long leg	$717	$3K	5x
Extended AXS-USD	+0.0104%	1h	1.0804	−0.063%	$7K	$241K	10x	as long as short