Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.047%51s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$660.659% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.047%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.053% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. 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 | BloFin AXS-USDT | 1.0626 | 0.0044 | pay 0.0022% / 4h | 2h 30m | $271K | $31K | 75x |
| Short | Binance AXSUSDT | 1.0631 | 0.0100 | get 0.0050% / 4h | 2h 30m | $5.9M | $9.4M | 75x |
BloFin AXS-USDT
Binance AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $11.84
- Price spread: +0.047% → −0.006%
- $5.28
- Slippage, 4 orders
- −$43.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.82
- Costs to cover
- 0.659%
- Break-even
- 35.9 days
Slippage from BloFin: live order book, 53 min ago; Binance: live order book, 9 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 BloFin live order book, 53 min ago | 5.18 bp | 19.2 bp −$19 | 38.3 bp −$383 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.47 bp | 16.7 bp −$17 | 48.0 bp −$480 | 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 | 1.0638 | +0.111% | $139K | $325K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.885% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDTlong | +0.0044% | 4h | 1.0626 | long leg | $271K | $31K | 75x | |
| Orderly PERP_AXS_USDC | +0.0077% | 4h | 1.0630 | +0.038% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0654 | +0.264% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0636 | +0.094% | $261K | $294K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0638 | +0.116% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDTshort | +0.0100% | 4h | 1.0631 | +0.047% | $5.9M | $9.4M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0628 | +0.019% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0626 | 0.000% | $1.4M | $2.7M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster 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 | 1.0631 | +0.047% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0631 | +0.047% | $11.1M | $763K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | +0.038% | $573K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | +0.038% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0630 | +0.038% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0617 | −0.088% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0615 | −0.104% | $757K | $914K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0631 | +0.047% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0629 | +0.028% | $703 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0629 | +0.028% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD