Funding arb · Price arb /

AXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−0.084%7-day average −0.048% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.084%, 7d avg −0.048%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 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: Extended is 0.036% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0630	0.0100	pay 0.0050% / 4h	20m 59s	$2K	$1.4M	20x
Short	Extended AXS-USD	1.0621	0.0104	get 0.0013% / 1h	20m 59s	$8K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0.84
Price spread: −0.084% → −0.048%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.74
Costs to cover: 0.130%
Break-even: 138.1 days

Slippage unknown: SunX: live order book, 3 min ago; Extended: live order book, 16 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	500.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	1.55 bp	24.9 bp −$25	198.6 bp −$1,986	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	−0.470%	$1K	$48K	5.5x	as long as short
BloFin AXS-USDT	+0.0084%	4h	1.0619	−0.103%	$281K	$29K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0094%	4h	1.0620	−0.094%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0650	+0.188%	$36K	$43K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0627	−0.028%	$256K	$705K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0632	+0.015%	$72K	$17K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0624	−0.056%	$5.9M	$10.9M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0630	0.000%	$3.6M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0623	−0.066%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0629	−0.009%	$840K	$535K	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	1.0622	−0.075%	$11.5M	$705K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0630	0.000%	$586K	$290K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0620	−0.094%	$3.1M	$1.2M	50x	as long as short
Variational Omni AXS	+0.0100%	8h	1.0623	−0.070%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0620	−0.094%	$760K	$888K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0630	long leg	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0620	−0.094%	$758	$3K	5x	as long as short
Extended AXS-USDshort	+0.0104%	1h	1.0621	−0.084%	$8K	$251K	10x
BingX AXS-USDT	+0.0200%	4h	1.0626	−0.038%	—	$2.6M	—	as long as short
Kraken Futures PF_AXSUSD	+0.0651%	1h	1.0632	+0.023%	$145K	$351K	20x	as long as short