ArbiLayer

AXS arbitrage

live

Live Axie Infinity price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.08%Variational → Gate · Perp–Perp
Best perp–perp spread+0.08%Variational → Gate
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.30%$1.23 – $1.23

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$1.23Gate logoGatespot$1.23 +0.11%-0.09% +0.11%— 0.000%— LS Chart →
Bybit logoBybitspot$1.23Binance logoBinancespot$1.23 +0.09%-0.11% +0.09%— 0.000%— LS Chart →
Bybit logoBybitspot$1.23MEXC logoMEXCspot$1.23 +0.07%-0.13% +0.07%— 0.000%— LS Chart →
Bybit logoBybitspot$1.23OKX logoOKXspot$1.23 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
OKX logoOKXspot$1.23Gate logoGatespot$1.23 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Bitget logoBitgetspot$1.23Gate logoGatespot$1.23 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$1.23Gate logoGatespot$1.23 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
OKX logoOKXspot$1.23Binance logoBinancespot$1.23 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$1.23Binance logoBinancespot$1.23 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$1.23Binance logoBinancespot$1.23 0.00%-0.20% 0.00%— 0.000%— LS Chart →
OKX logoOKXspot$1.23MEXC logoMEXCspot$1.23 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
Bitget logoBitgetspot$1.23MEXC logoMEXCspot$1.23 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$1.23MEXC logoMEXCspot$1.23 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
Binance logoBinancespot$1.24Gate logoGatespot$1.23 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$1.24Gate logoGatespot$1.23 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

AXS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · AXS_USDTPerpetual $1.23$1.23$1.23+0.02% +0.030%$8.39M
OKX logoOKXPerpetual · AXS-USDT-SWAPPerpetual $1.23$1.23$1.230.00% +0.030%$8.14M
Bybit logoBybitPerpetual · AXSUSDTPerpetual $1.23$1.23$1.23-0.04% +0.016%$6.13M
Bitget logoBitgetPerpetual · AXSUSDTPerpetual $1.23$1.23$1.23-0.04% +0.030%$2.71M
MEXC logoMEXCPerpetual · AXS_USDTPerpetual $1.23$1.23$1.23-0.02% +0.030%$2.50M
OKX logoOKXSpot · AXS-USDTSpot $1.23$1.23$1.23+0.05% —$1.20M
Bybit logoBybitSpot · AXSUSDTSpot $1.23$1.23$1.23-0.06% —$963.2K
Hyperliquid logoHyperliquidPerpetual · AXSPerpetual $1.23$1.23$1.23-0.01% +0.030%$450.2K
Bitget logoBitgetSpot · AXSUSDTSpot $1.23$1.23$1.23+0.00% —$297.8K
KuCoin logoKuCoinPerpetual · AXSUSDTMPerpetual $1.23$1.23$1.23-0.04% +0.030%$283.0K
KuCoin logoKuCoinSpot · AXS-USDTSpot $1.23$1.23$1.23+0.00% —$179.6K
Gate logoGateSpot · AXS_USDTSpot $1.23$1.24$1.23+0.15% —$136.3K
Variational logoVariationalPerpetual · AXSPerpetual $1.23$1.23$1.23-0.14% +0.030%$11.8K
Binance logoBinancePerpetual · AXSUSDTPerpetual $1.23$1.23$1.23-0.02% +0.030%—
Aster logoAsterPerpetual · AXSUSDTPerpetual $1.23$1.23$1.23+0.03% +0.030%—
Binance logoBinanceSpot · AXSUSDTSpot $1.23$1.24$1.23+0.13% ——
MEXC logoMEXCSpot · AXSUSDTSpot $1.23$1.24$1.23+0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

AXS arbitrage explained

Right now Axie Infinity (AXS) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $1.23 and the highest bid on Gate spot at $1.23.

The widest AXS perpetual spread is between Variational and Gate: long AXS on Variational at $1.23 and short on Gate at $1.23 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best AXS route is to buy spot on Bybit and short the perpetual on Gate: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot AXS arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.11% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small AXS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: AXS funding rates · AXS spread charts · Axie Infinity price · arbitrage scanner for all coins.

Is there a AXS arbitrage opportunity right now?

The best AXS route right now is to buy on Variational → sell on Gate (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest AXS?

Variational (perp) has the lowest AXS ask at $1.23, and Gate (spot) the highest bid at $1.23. Prices update every 15 seconds on this page.

How many exchanges list AXS?

ArbiLayer tracks 17 AXS markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage AXS without transferring coins?

Use two perpetual contracts: go long AXS on the cheaper exchange (Variational now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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