Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: BingX against BloFin+0.038%51s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as 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−$670.668% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.038%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.037% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.075%, 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 | 1.0648 | 0.0074 | pay 0.0037% / 4h | 1h 36m | $271K | $17K | 75x |
| Short | BingX AXS-USDT | 1.0652 | 0.0100 | get 0.0050% / 4h | 1h 36m | — | $2.6M | — |
BloFin AXS-USDT
BingX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $5.54
- Price spread: +0.038% → +0.001%
- $3.7
- Slippage, 4 orders
- −$44.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$57.53
- Costs to cover
- 0.668%
- Break-even
- 79.7 days
Slippage from BloFin: live order book, 40 min ago; BingX: live order book, 13 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, 40 min ago | 1.88 bp | 17.4 bp −$17 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 4.71 bp | 19.8 bp −$20 | 45.1 bp −$451 | 325.1 bp −$32.5K | 444.4 bp −$222.2K |
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 | −0.0476% | 1h | 1.0639 | −0.080% | $139K | $311K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.676% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0040% | 4h | 1.0629 | −0.178% | $1.4M | $2.7M | 20x | as long as short |
| Orderly PERP_AXS_USDC | +0.0069% | 4h | 1.0640 | −0.075% | $3K | — | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0074% | 4h | 1.0648 | long leg | $271K | $17K | 75x | |
| Lighter AXS | +0.0096% | 1h | 1.0648 | 0.000% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0639 | −0.085% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0653 | +0.046% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0627 | −0.197% | $5.9M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0627 | −0.197% | $3.2M | $3.6M | 75x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0655 | +0.066% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0635 | −0.122% | $11.1M | $723K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | +0.019% | $582K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | +0.019% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTshort | +0.0100% | 4h | 1.0652 | +0.038% | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0654 | +0.059% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0654 | +0.053% | $760K | $870K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0634 | −0.131% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0628 | −0.188% | $680 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0632 | −0.149% | $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