AXS funding rates and arbitrage

AXS perpetuals trade on 17 contracts across 17 venues, forming 136 cross-venue arbitrage pairs. By net APR the current best pair is long OKX against short Coinbase, netting +64.89%, though note the legs settle on different cadences (4h / 1h)。

AXS perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	AXSUSDT	USDT	4h	0.0008%	+1.71%	-3.14%	$6.8M	0.99171
LBank	AXSUSDT	USDT	4h	0.0010%	+2.17%	-3.17%	$4.1M	0.99170
WhiteBIT	AXS_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$2.8M	0.99250
BingX	AXS-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$2.5M	0.99180
Bybit	AXSUSDT	USDT	8h	-0.0027%	-2.98%	-2.68%	$1.5M	0.99200
OKX	AXS-USDT-SWAP	USDT	4h	-0.0052%	-11.45%	+1.20%	$1.4M	0.99170
MEXC	AXS_USDT	USDT	4h	0.0009%	+1.97%	-3.13%	$842K	0.99170
Bitget	AXSUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$505K	0.99200
Gate	AXS_USDT	USDT	8h	-0.0103%	-11.28%	-11.80%	$146K	0.99300
KuCoin	AXSUSDTM	USDT	4h	0.0050%	+10.95%	+6.84%	$122K	0.99100
Hyperliquid	AXS	USDC	1h	0.0013%	+10.95%	+10.95%	$85K	0.99133
Kraken	PF_AXSUSD	USD	1h	0.0025%	+21.95%	-17.09%	$39K	0.99167
Aster	AXSUSDT	USDT	4h	0.0050%	+10.95%	+7.39%	$20K	0.99189
Coinbase	AXS-PERP	USDC	1h	0.0061%	+53.44%	+53.44%	$10K	0.93710
Lighter	AXS	USDC	1h	0.0012%	+10.51%	+10.51%	$2K	0.99260
Crypto.com	AXSUSD-PERP	USD	4h	0.0061%	+13.42%	+2.89%	$50	0.98890
Bitfinex	tAXSF0:USTF0	USDT	8h	0.0000%	0.00%	-23.48%	$38	0.99320

AXS cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
OKX USDT	Coinbase USDC	+64.89%	0.1778%	+52.23%	4h / 1h	$10K
Gate USDT	Coinbase USDC	+64.71%	0.1773%	+65.23%	8h / 1h	$10K
Bybit USDT	Coinbase USDC	+56.41%	0.1546%	+56.11%	8h / 1h	$10K
Bitfinex USDT	Coinbase USDC	+53.44%	0.1464%	+76.91%	8h / 1h	$38
Binance USDT	Coinbase USDC	+51.72%	0.1417%	+56.58%	4h / 1h	$10K
MEXC USDT	Coinbase USDC	+51.46%	0.1410%	+56.57%	4h / 1h	$10K
LBank USDT	Coinbase USDC	+51.27%	0.1405%	+56.60%	4h / 1h	$10K
Lighter USDC	Coinbase USDC	+42.92%	0.1176%	+42.92%	1h matched	$2K
Aster USDT	Coinbase USDC	+42.49%	0.1164%	+46.04%	4h / 1h	$10K
BingX USDT	Coinbase USDC	+42.49%	0.1164%	+42.49%	4h / 1h	$10K
Bitget USDT	Coinbase USDC	+42.49%	0.1164%	+42.49%	4h / 1h	$10K
Hyperliquid USDC	Coinbase USDC	+42.49%	0.1164%	+42.49%	1h matched	$10K

Axie Infinity project profile

Website Whitepaper GitHub X (Twitter)Telegram Discord

Key facts

Total: 270.00M
Max supply: 270.00M
Type: Token
Market cap rank: #193

Gaming (GameFi)NFTBNB Chain EcosystemAxie Infinity EcosystemMetaversePlay To EarnHarmony EcosystemEthereum Ecosystem

Contract addresses

ethereum0xbb0e17ef65f82ab018d8edd776e8dd940327b28b

ronin0x97a9107c1793bc407d6f527b77e7fff4d812bece

energi0x7cd3d51bee45434dd80822c5d58b999333b69ffb

harmony0x14a7b318fed66ffdcc80c1517c172c13852865de

binance0x715d400f88c167884bbcc41c5fea407ed4d2f8a0

Block explorers

etherscan.io intel.arkm.com ethplorer.io bscscan.com explorer.roninchain.com explorer.energi.network

About

AXS is the governance token for the Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games where all decisions are made by the game developers. AXS holders will be able to stake their tokens to earn more AXS and even vote for governance proposals.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

DASH+821.7%DYDX+279.7%FLOKI+79.1%MORPHO+875.1%MU+57.0%PYTH+1016.2%SNDK+69.2%SOXL+102.3%SPX+70.3%SUSHI+42.8%ZRO+15.5%BERA+97.1%

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