Funding you earn now, next payment 05:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h −0.034%
Price spread now: Kraken Futures against BingX+0.067%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.067%, 7d avg +0.109%
=Funding pays, the price is against you. Kraken Futures is 0.042% cheaper against BingX than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.109%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXS-USDT | 1.0783 | 0.0100 | pay 0.0050% / 4h | 3h 55m | — | $2.6M | — |
| Short | Kraken Futures PF_AXSUSD | 1.0790 | 0.0211 | get 0.0026% / 1h | 55m 38s | $140K | $342K | 20x |
BingX AXS-USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $23.36
- Price spread: +0.067% → +0.109%
- −$4.21
- Slippage, 4 orders
- −$59.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.42
- Costs to cover
- 0.796%
- Break-even
- 25.1 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 62 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, 4 min ago | 4.65 bp | 20.0 bp −$20 | 43.0 bp −$430 | 350.7 bp −$35.1K | 459.7 bp −$229.8K |
| Sell Kraken Futures live order book, 62 min ago | 2.34 bp | 22.9 bp −$23 | 96.9 bp −$969 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.584% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0770 | −0.121% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0791 | +0.074% | $261K | $311K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0777 | −0.056% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0801 | +0.167% | $6.1M | $10.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0807 | +0.223% | $3.8M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0801 | +0.167% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0778 | −0.046% | $857K | $894K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0786 | +0.028% | $11.5M | $681K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0780 | −0.028% | $604K | $295K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXSUSDT | +0.0100% | 4h | 1.0790 | +0.065% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTlong | +0.0100% | 4h | 1.0783 | long leg | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0779 | −0.036% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0750 | −0.306% | $768K | $901K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0751 | −0.297% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0777 | −0.056% | $754 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0786 | +0.030% | $10K | $242K | 10x | as long as short |
| BloFin AXS-USDT | +0.0133% | 4h | 1.0759 | −0.223% | $277K | $25K | 75x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0211% | 1h | 1.0790 | +0.067% | $140K | $342K | 20x | |
| Lighter AXS | +0.0544% | 1h | 1.0815 | +0.297% | $33K | $34K | 5x | as long as short |
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Lighter AXS