AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against BingX−0.019%51s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.735% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.019%, 7d avg −0.001%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AXS-USDT	1.0629	0.0100	pay 0.0050% / 4h	2h 32m	—	$2.6M	—
Short	BloFin AXS-USDT	1.0627	0.0147	get 0.0074% / 4h	2h 32m	$271K	$31K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $9.91
Price spread: −0.019% → −0.001%: −$1.75
Slippage, 4 orders: −$51.51
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.35
Costs to cover: 0.735%
Break-even: 53.2 days

Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 51 min ago.

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 BingX live order book, 7 min ago	4.24 bp	19.9 bp −$20	40.8 bp −$408	330.8 bp −$33.1K	480.2 bp −$240.1K
Sell BloFin live order book, 51 min ago	5.18 bp	14.9 bp −$15	31.7 bp −$317	doesn't fit	doesn't fit

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	−0.0338%	1h	1.0635	+0.061%	$139K	$325K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.856%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0077%	4h	1.0630	+0.009%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0653	+0.226%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0634	+0.047%	$261K	$294K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0638	+0.084%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0629	0.000%	$5.9M	$9.4M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0627	−0.019%	$3.2M	$3.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0622	−0.066%	$1.4M	$2.7M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0627	−0.019%	$958K	$1.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0627	−0.019%	$11.1M	$763K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0640	+0.103%	$574K	$294K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0630	+0.009%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDTlong	+0.0100%	4h	1.0629	long leg	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0617	−0.116%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0615	−0.132%	$757K	$914K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0630	+0.009%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0627	−0.019%	$703	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0627	−0.021%	$7K	$156K	10x	as long as short
BloFin AXS-USDTshort	+0.0147%	4h	1.0627	−0.019%	$271K	$31K	75x