Funding arb · Price arb /

AXS

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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: Gate against SunX−0.065%7-day average +0.022% · you buy dearer than you sell

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

Long on SunX Short on Gate

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)+0.009%+$1 · spread now −0.065%, 7d avg +0.022%

Together, before fees+0.009%+$1 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: Gate is 0.087% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0737	0.0100	pay 0.0050% / 4h	2h 13m	$2K	$1.4M	20x
Short	Gate AXS_USDT	1.0730	0.0100	get 0.0100% / 8h	2h 13m	$850K	$830K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.022%: −$8.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.71
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Gate: live order book, 18 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, 10 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	9.92 bp	88.8 bp −$89	365.3 bp −$3,653	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	−1.462%	$1K	$48K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	1.0746	+0.084%	$37K	$39K	5x	as long as short
BloFin AXS-USDT	+0.0097%	4h	1.0708	−0.270%	$276K	$30K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0097%	4h	1.0730	−0.065%	$3K	—	10x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0748	+0.102%	$263K	$679K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0729	−0.074%	$73K	$15K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0739	+0.018%	$6.0M	$10.8M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0734	−0.028%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0732	−0.047%	$1.4M	$3.0M	20x	as long as short
Gate AXS_USDTshort	+0.0100%	8h	1.0730	−0.065%	$850K	$830K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0732	−0.047%	$11.5M	$674K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0730	−0.065%	$582K	$289K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0730	−0.065%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0727	−0.093%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0707	−0.277%	$36K	$953	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0685	−0.488%	$766K	$896K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0737	long leg	$2K	$1.4M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0729	−0.075%	$764	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0736	−0.008%	$10K	$228K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0412%	1h	1.0740	+0.026%	$142K	$352K	20x	as long as short