Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Binance+0.150%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.150% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXSUSDT | 1.0705 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $6.0M | $10.0M | 75x |
| Short | Lighter AXS | 1.0721 | 0.0096 | get 0.0012% / 1h | 50m 16s | $29K | $36K | 5x |
Binance AXSUSDT
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.150% → 0.000%
- $14.96
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.12
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 4 min ago; Lighter: no order-book sample. 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 Binance live order book, 4 min ago | 0.47 bp | 14.8 bp −$15 | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.0720 | +0.140% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0710 | +0.047% | $3K | — | 10x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0721 | +0.150% | $29K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0703 | −0.018% | $259K | $312K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0709 | +0.038% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDTlong | +0.0100% | 4h | 1.0705 | long leg | $6.0M | $10.0M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0709 | +0.038% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0702 | −0.028% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0696 | −0.084% | $853K | $991K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0705 | 0.000% | $11.4M | $724K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0700 | −0.047% | $603K | $312K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | −0.047% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0704 | −0.009% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0695 | −0.090% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0660 | −0.420% | $756K | $900K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0708 | +0.028% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0705 | 0.000% | $715 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0702 | −0.024% | $7K | $241K | 10x | as long as short |
| BloFin AXS-USDT | +0.0150% | 4h | 1.0685 | −0.187% | $275K | $18K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0357% | 1h | 1.0718 | +0.118% | $146K | $333K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Kraken Futures PF_AXSUSD