Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h −0.035%
Price spread now: Kraken Futures against Bitget−0.027%48s7-day average +0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as 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−$960.964% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.027%, 7d avg +0.113%
=Funding pays, the price is against you. Kraken Futures is 0.139% cheaper against Bitget than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.113%). If the spread goes back, that is −$14 on $10k: about 43 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AXSUSDT | 1.0720 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $3.1M | $1.2M | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0717 | 0.0361 | get 0.0045% / 1h | 40m 26s | $145K | $335K | 20x |
Bitget AXSUSDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $54.86
- Price spread: −0.027% → +0.113%
- −$13.95
- Slippage, 4 orders
- −$74.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$55.53
- Costs to cover
- 0.964%
- Break-even
- 14.1 days
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 22 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, 2 min ago | 4.66 bp | 24.5 bp −$25 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 22 min ago | 2.80 bp | 23.2 bp −$23 | 87.5 bp −$875 | 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 | 0.000% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0087% | 4h | 1.0710 | −0.093% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0738 | +0.168% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0718 | −0.019% | $258K | $312K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0709 | −0.098% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0720 | −0.004% | $6.1M | $10.0M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0725 | +0.047% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0714 | −0.056% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0706 | −0.131% | $853K | $952K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0711 | −0.084% | $11.4M | $706K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0710 | −0.093% | $601K | $301K | 50x | as long as short |
| Bitget AXSUSDTlong | +0.0100% | 4h | 1.0720 | long leg | $3.1M | $1.2M | 50x | |
| BingX AXS-USDT | +0.0100% | 4h | 1.0715 | −0.047% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0713 | −0.061% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0720 | 0.000% | $758K | $883K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0705 | −0.140% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0705 | −0.140% | $734 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0708 | −0.108% | $7K | $245K | 10x | as long as short |
| BloFin AXS-USDT | +0.0151% | 4h | 1.0710 | −0.093% | $275K | $23K | 75x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0361% | 1h | 1.0717 | −0.027% | $145K | $335K | 20x |
KuCoin AXSUSDTM
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT