AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Bitget−0.018%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.018%, 7d avg +0.001%

Together, before fees+0.086%+$9 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. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXSUSDT	1.0820	0.0100	pay 0.0050% / 4h	57m 17s	$3.1M	$1.2M	50x
Short	BloFin AXS-USDT	1.0818	0.0080	get 0.0040% / 4h	57m 17s	$276K	$17K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$4.1
Price spread: −0.018% → +0.001%: −$1.97
Slippage, 4 orders: −$44.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.4
Costs to cover: 0.683%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; BloFin: live order book, 14 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 Bitget live order book, just now	9.24 bp	15.2 bp −$15	57.2 bp −$572	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	0.47 bp	16.1 bp −$16	31.1 bp −$311	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	−0.0238%	1h	1.0828	+0.071%	$142K	$310K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.924%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0073%	4h	1.0820	0.000%	$3K	—	10x	as long as short
BloFin AXS-USDTshort	+0.0080%	4h	1.0818	−0.018%	$276K	$17K	75x
Lighter AXS	+0.0096%	1h	1.0844	+0.222%	$29K	$36K	5x	as long as short
OKX AXS-USDT-SWAP	+0.0097%	4h	1.0815	−0.046%	$1.4M	$2.9M	20x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0826	+0.058%	$266K	$297K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0824	+0.036%	$75K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0821	+0.009%	$6.1M	$9.5M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0833	+0.120%	$3.7M	$3.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0827	+0.065%	$975K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0819	−0.009%	$11.5M	$741K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0820	0.000%	$614K	$306K	50x	as long as short
Bitget AXSUSDTlong	+0.0100%	4h	1.0820	long leg	$3.1M	$1.2M	50x
BingX AXS-USDT	+0.0100%	4h	1.0823	+0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0769	−0.471%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0760	−0.551%	$765K	$866K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0828	+0.074%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0818	−0.018%	$702	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0819	−0.011%	$7K	$156K	10x	as long as short