Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.028%7-day average −0.007% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.028%, 7d avg −0.007%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.035% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0667	0.0100	pay 0.0050% / 4h	3h 51m	$1K	$1.4M	20x
Short	Bitget AXSUSDT	1.0670	0.0100	get 0.0050% / 4h	3h 51m	$3.1M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.007%: $3.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.5
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Bitget: live order book, 1 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 SunX live order book, 3 min ago	500.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.69 bp	32.5 bp −$32	54.2 bp −$542	doesn't fit	doesn't fit

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	−0.816%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0065%	4h	1.0670	+0.028%	$283K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0660	−0.066%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0696	+0.272%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0669	+0.019%	$256K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0670	+0.024%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0668	+0.012%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0672	+0.047%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0672	+0.047%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0669	+0.019%	$843K	$524K	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	1.0668	+0.009%	$11.6M	$703K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0670	+0.028%	$589K	$278K	50x	as long as short
Bitget AXSUSDTshort	+0.0100%	4h	1.0670	+0.028%	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0670	+0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0671	+0.035%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0653	−0.135%	$763K	$873K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0667	long leg	$1K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0662	−0.047%	$774	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0665	−0.015%	$7K	$250K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0466%	1h	1.0671	+0.039%	$146K	$348K	20x	as long as short