Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Orderly against Binance−0.043%7-day average — · you buy dearer than you sell
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—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.043% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXSUSDT | 1.0825 | 0.0100 | pay 0.0050% / 4h | 2m 45s | $6.1M | $9.6M | 75x |
| Short | Orderly PERP_AXS_USDC | 1.0820 | 0.0080 | get 0.0040% / 4h | 2m 45s | $3K | — | 10x |
Binance AXSUSDT
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.11
- Price spread: −0.043% → 0.000%
- −$4.3
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$24.41
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Orderly: 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, 7 min ago | 1.39 bp | 15.2 bp −$15 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0238% | 1h | 1.0827 | +0.020% | $142K | $315K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.967% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0063% | 4h | 1.0807 | −0.163% | $274K | $17K | 75x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0080% | 4h | 1.0820 | −0.043% | $3K | — | 10x | |
| Lighter AXS | +0.0096% | 1h | 1.0853 | +0.262% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0831 | +0.059% | $266K | $297K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0819 | −0.049% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDTlong | +0.0100% | 4h | 1.0825 | long leg | $6.1M | $9.6M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0837 | +0.114% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0822 | −0.025% | $1.4M | $3.0M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0820 | −0.043% | $974K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0824 | −0.006% | $11.5M | $753K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0820 | −0.043% | $614K | $304K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0820 | −0.043% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0826 | +0.012% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0786 | −0.357% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0775 | −0.457% | $764K | $906K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0816 | −0.080% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0813 | −0.108% | $722 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0817 | −0.072% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD