Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%
Price spread now: Orderly against BingX−0.075%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 0.075% cheaper against BingX than usual: you would sell low and buy high (−$8 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 | BingX AXS-USDT | 1.0618 | 0.0100 | pay 0.0050% / 4h | 2h 44m | — | $2.6M | — |
| Short | Orderly PERP_AXS_USDC | 1.0610 | 0.0076 | get 0.0038% / 4h | 2h 44m | $3K | — | 10x |
BingX AXS-USDT
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.95
- Price spread: −0.075% → 0.000%
- −$7.53
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$28.48
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago | 4.24 bp | 16.3 bp −$16 | 38.7 bp −$387 | 336.8 bp −$33.7K | 478.3 bp −$239.2K |
| 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 | −0.0339% | 1h | 1.0619 | +0.006% | $139K | $324K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.961% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0076% | 4h | 1.0610 | −0.075% | $3K | — | 10x | |
| BloFin AXS-USDT | +0.0091% | 4h | 1.0611 | −0.066% | $272K | $30K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0639 | +0.198% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0617 | −0.009% | $261K | $294K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0618 | +0.001% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0614 | −0.038% | $5.9M | $9.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0612 | −0.057% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0617 | −0.009% | $1.4M | $2.7M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0612 | −0.057% | $957K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0606 | −0.113% | $11.1M | $761K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0610 | −0.075% | $572K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0610 | −0.075% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTlong | +0.0100% | 4h | 1.0618 | long leg | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0616 | −0.023% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0611 | −0.070% | $756K | $922K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0607 | −0.104% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0615 | −0.028% | $719 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0613 | −0.050% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD