Axie Infinity (AXS) perpetual futures
AXS perpetual contracts on 5 reviewed venues.
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Funding rates
Annualized rates across exchanges
BitgetCEX
Gate.ioCEX
BingXCEX
KuCoinCEX
HyperliquidDEX
Open interest
Per-exchange open interest
BybitBitget
OKXKuCoinGate.ioHyperliquidWhat the AXS data shows
Funding direction differs by venue: longs pay on Bitget, KuCoin, and 5 more; longs receive on Hyperliquid, MEXC, and 4 more. The rates run from +10.95% a year on Bitget to -149.02% on Kraken.
MEXC quoted AXS at $1.28 and Lighter at $1.28, a gap of 39.9 bps.
No venue holds half of the $11.8m in reported AXS open interest. Bybit has the largest share, 32.6%, and Bitget is next with 29.7%.
The AXS settlement periods differ: 8 venues settle every 4 hours; 3 venues settle every hour; Gate.io and Bybit settle every 8 hours.
- Source: public APIs of 13 venues for AXS, read at October 3, 2026, 05:06 UTC.
Where to Trade Axie Infinity (AXS) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm AXS limits with the venue.
Axie Infinity (AXS) market overview
AXS perps provide derivative exposure to Axie Infinity's Sky Mavis ecosystem and the broader play-to-earn and blockchain gaming sector. AXS is the governance token of Axie Infinity. Its Ronin sidechain also hosts a growing portfolio of games and DeFi applications.
The asset carries a distinct risk history — the Ronin bridge hack of March 2022 was the largest DeFi exploit on record at the time — and its perp market reflects that history through a persistent risk premium.
Venue structure and depth
The AXS perp market spans Binance, Bybit, OKX, and Hyperliquid. Binance carries the most AXS depth; DEX perp depth is minimal. Coinalyze's AXS open interest data shows OI that has declined substantially from the 2021 P2E peak but has stabilized as the Ronin ecosystem diversified beyond Axie Infinity.
Gaming cycle and P2E narrative sensitivity
AXS funding spikes follow blockchain gaming news cycles. A game studio integration or a large Axie Infinity content update pulls traders into long positions. The Ronin chain's expansion — new games launching on Ronin beyond Axie — has added secondary catalysts for AXS that did not exist in 2021.
Sky Mavis's development blog and CoinDesk's gaming coverage track upcoming launches. New Ronin ecosystem games reaching public release have become the clearest positive signal for AXS perp positioning.
Ronin bridge history and perp-specific risk
The March 2022 Ronin bridge hack, where attackers stole approximately $625 million in ETH and USDC via compromised validator keys, produced a sharp AXS perp delisting threat on several venues. The hack is documented in Sky Mavis's post-mortem.
Since then, Ronin has restructured its validator set and implemented additional security measures, but the bridge risk remains a tail event that perp traders must factor into position sizing.
For AXS positions, isolated margin with conservative sizing is essential. Use the liquidations tracker to assess recent AXS cascade patterns. Compare fees across venues at the cost comparison tool.
Frequently Asked Questions — Axie Infinity (AXS)
What funding data is available for AXS?
13 venues report an AXS funding rate in this read.
An annualized AXS rate extrapolates one reading and does not predict a return.
What open interest data is available for AXS?
9 venues report positive AXS open interest in this read.
The AXS total leaves out venues outside the read.
Which mapped venue has the lowest recorded AXS taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 4 mapped AXS maker/taker schedules.
1 AXS venue charges a position fee and is not compared.
Category: Gaming